Tuesday, June 27, 2006

Carlyle Bails on 2nd Spanish Business in Last Year

(AP) The Carlyle Group dropped out of a consortia bidding for the Spanish language channel Univision. This enabled a Texas Pacific Group led coalition of investment houses to win the bid for the popular Spanish language broadcaster, Univision Communications Inc.

The Carlyle Group, a politically connected powerhouse investment firm announced its intention last fall to acquire a private university in Mexico City. It expected to close the deal by December 2005. Yet, there is no evidence Carlyle ever inked the final contract. No proud press release shows the Universidad Latinoamericana joined the Carlyle family. The educational property is not listed under the firm’s website portfolio.

So what is the deal with The Carlyle Group and failed bids for Spanish investments? Only they know for sure!

P.S. The AP at the beginning of the post represents the author's initials

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