Editing The Carlyle Group (section)

===Since 2017===
In October 2017, the Carlyle Group announced that its founders would remain executive chairmen on the board of directors but step down as the day-to-day leaders of the firm; they named [[Glenn Youngkin]] and [[Kewsong Lee]] to succeed them, as co-CEOs, effective January 1, 2018.<ref>{{cite news|last1=Banerjee|first1=Devin|date=October 25, 2017|title=Carlyle's Billionaire Founders Hand Reins to New Leaders|work=[[Bloomberg News]]|url=https://www.bloomberg.com/news/articles/2017-10-25/carlyle-s-billionaire-founders-hand-reins-to-youngkin-lee|access-date=February 21, 2021}}</ref><ref>{{cite news|last1=Gottfried|first1=Miriam|date=October 27, 2017|title=Carlyle's Next Generation: A Deal Whiz and a Homegrown Quarterback|work=[[Wall Street Journal]]|url=https://www.wsj.com/articles/carlyles-next-generation-a-deal-whiz-and-a-homegrown-quarterback-1509123465|access-date=February 21, 2021}}</ref><ref>{{cite news|last1=Grant|first1=Kinsey|date=October 25, 2017|title=Carlyle Group Co-CEOs Rubenstein, Conway Stepping Down|work=[[TheStreet.com]]|url=https://www.thestreet.com/investing/stocks/carlyle-group-co-ceos-rubenstein-conway-stepping-down-14358451|access-date=February 21, 2021}}</ref>

In October 2017, the Carlyle Group made a $500&nbsp;million investment in the brand [[Supreme (brand)|Supreme]] valuing the company at $1&nbsp;billion. In 2020, the investment was acquired by [[VF Corporation]], which owns [[The North Face]], [[Timberland (company)|Timberland]], and [[Vans]] for $2.1&nbsp;billion.<ref>{{Cite web |title=Supreme Streetwear Brand Sold to VF in $2.1 Billion Deal |url=https://www.barrons.com/articles/supreme-streetwear-brand-sold-to-vf-in-2-1-billion-deal-51604953762 |access-date=2025-01-22 |website=barrons |language=en-US}}</ref><ref>{{Cite web |date=2025-01-08 |title=VF Corporation Announces Definitive Agreement to Acquire Iconic, Global Streetwear Leader Supreme® |url=https://www.vfc.com/news/press-release/1738/vf-corporation-announces-definitive-agreement-to-acquire |access-date=2025-01-22 |website=VF Corporation |language=en}}</ref>

On October 14, 2019, the Carlyle Group and private equity firm Stellex Capital Management announced it had completed the acquisition and merger of shipbuilder Vigor Industrial LLC, Portland, Ore., and MHI Holdings LLC, a ship repair and maintenance company based in Norfolk, Va. The terms of the deal were not disclosed.<ref>{{Cite web|date=October 15, 2019|title=Vigor acquisition and merger completed|url=https://www.workboat.com/shipbuilding/vigor-sold-will-merge-with-virginia-shipyard|access-date=October 15, 2019|website=Workboat}}</ref>

On June 2, 2020, the Carlyle Group and T&D Holdings reported that they had concluded their purchase of a 76.6% stake in Fortitude Group Holdings, the latter of which comprises Fortitude Re, and American International Company Inc.<ref>{{Cite web|date=June 2, 2020|title=The Carlyle Group and T&D Holdings Complete Acquisition of Majority Interest in Fortitude Group Holdings from AIG|url=https://www.businesswire.com/news/home/20200602005837/en/Carlyle-Group-TD-Holdings-Complete-Acquisition-Majority|access-date=June 12, 2020|website=BusinessWire}}</ref> Also in June 2020, Unison had been purchased by the Carlyle Group and Unison management strategic investment company.<ref>{{Cite web|date=June 30, 2020|title=The Carlyle Group Partners with management to acquire Unison from Abry Partners|url=https://www.privateequitywire.co.uk/2020/06/30/287027/carlyle-group-partners-management-acquire-unison-abry-partners|access-date=July 6, 2020|website=Private Equity Wire}}</ref>

In September 2020, the Carlyle Group acquired a majority stake in Minneapolis-based sanitizing machine maker Victory Innovations. Terms of the deal were not disclosed.<ref>{{Cite news|last=Aeppel|first=Timothy|date=September 16, 2020|title=Carlyle buys disinfecting machine maker stake in COVID-19 bet|language=en|work=Reuters|url=https://www.reuters.com/article/us-victory-innovations-m-a-carlyle-group-idUSKBN2673AW|access-date=September 17, 2020}}</ref>

At the end of September 2020, Youngkin retired from the firm, stating his intention to focus on community and public service; this left Lee as the sole CEO.<ref>{{cite news|last1=Wiggi|first1=Kaye|last2=Vandevelde|first2=Mark|date=July 21, 2020|title=Carlyle co-chief Glenn Youngkin to step down|work=[[Financial Times]]|url=https://www.ft.com/content/3bf2ba9c-ab14-41ca-b3e0-0ca8b85dde4b |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/3bf2ba9c-ab14-41ca-b3e0-0ca8b85dde4b |archive-date=December 10, 2022 |url-access=subscription |url-status=live|access-date=February 21, 2021}}</ref><ref>{{cite news|last1=Lewis|first1=Adam|date=July 21, 2020|title=Carlyle co-CEO Glenn Youngkin to retire, leaving reins to Kewsong Lee|work=PitchBook|url=https://pitchbook.com/news/articles/carlyle-glenn-youngkin-retire|access-date=February 21, 2021}}</ref><ref>{{cite news|last1=Louch|first1=William|date=July 21, 2020|title=Carlyle Co-CEO Glenn Youngkin to Step Down|work=[[Wall Street Journal]]|url=https://www.wsj.com/articles/carlyle-co-ceo-glenn-youngkin-to-step-down-11595342495|access-date=February 20, 2021}}</ref> Youngkin would later go on to be elected [[Governor of Virginia]] in the state's [[2021 Virginia gubernatorial election|2021 gubernatorial election.]]

In January 2021, the Carlyle Group acquired a majority stake in [[Jagex]], a British [[video game development]] studio known for the [[massively multiplayer online game]] ''[[RuneScape]]''.<ref>{{cite news|last=Field|first=Matthew|date=January 22, 2021|title=Buyout fund Carlyle to swoop for Cambridge RuneScape studio Jagex|url=https://www.telegraph.co.uk/technology/2021/01/22/buyout-fund-carlyle-swoop-cambridge-runescape-studio-jagex/ |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/technology/2021/01/22/buyout-fund-carlyle-swoop-cambridge-runescape-studio-jagex/ |archive-date=January 12, 2022 |url-access=subscription |url-status=live|access-date=January 25, 2021|work=[[The Daily Telegraph]]}}{{cbignore}}</ref><ref>{{cite web|last=Taylor|first=Moline|date=January 25, 2021|title=Runescape is now owned by the world's second-largest private equity firm|url=https://www.pcgamer.com/runescape-is-now-owned-by-the-worlds-second-biggest-private-equity-firm/|access-date=January 25, 2021|work=[[PC Gamer]]}}</ref>

In May 2021, the Carlyle Group entered a partnership agreement with [[SPX Capital]] to enter the Brazilian market. The Carlyle Group's employees would join SPX Capital to establish its [[private equity]] strategy. SPX Capital would also become a subadvisor to the Carlyle Group's $776 million buyout fund focused on South America.<ref>{{Cite news |last=Garcia |first=Luis |date=7 May 2021 |title=Carlyle Turns to SPX Capital in New Approach to Brazil |url=https://www.wsj.com/articles/carlyle-turns-to-spx-capital-in-new-approach-to-brazil-11620414298 |access-date=11 February 2024 |work=WSJ |language=en-US}}</ref>

In March 2022, the Carlyle Group acquired [[Dainese]] - an Italian motorcycle kit and clothing company from [[Investcorp]].<ref>{{Cite web |last=Hancocks |first=Simon |title=SOLD! Dainese acquired by Carlyle Group for €630 million |url=https://www.visordown.com/news/industry/sold-dainese-acquired-carlyle-group-%E2%82%AC630-million |access-date=March 17, 2022 |website=Visordown |language=en}}</ref> Following this in May 2022, the Carlyle Group announced the acquisition deal of US government contractor for cyber security and IT defence, [[ManTech International]]. The deal, worth $3.9&nbsp;billion, will include the firm to buyout shares at $96 a share, representing a 32% premium to ManTech's closing price on February 2, 2022. The acquisition aimed to increase the firms steady stream of recurring revenue.<ref>{{cite journal|date=May 17, 2022|url=https://www.bloomberg.com/news/articles/2022-05-16/carlyle-group-is-said-in-advanced-talks-to-buy-mantech?srnd=technology-vp|title=Carlyle Agrees to Buy US Government Contractor ManTech for $3.9 Billion|journal=Bloomberg|access-date=May 17, 2022}}</ref>

In August 2022, the Carlyle Group acquired [[Abingworth (company)|Abingworth]], a transatlantic bioscience investment firm.<ref>{{Cite news |date=April 12, 2022 |title=Carlyle's acquisition of Abingworth brings $2 billion to fuel life science investments |language=en |work=Fierce Biotech |url=https://www.fiercebiotech.com/biotech/carlyle-group-absorbs-global-investment-firm-abingworth-forms-new-holding-company |access-date=February 22, 2023}}</ref>

In November 2022, it was announced the Carlyle Group has acquired the international marketing agency, Incubeta.<ref>{{Cite web |last=Wilkinson |first=Sol |date=November 16, 2022 |title=Global Investment Firm Carlyle to Acquire International Marketing Agency Incubeta |url=https://performancein.com/news/2022/11/16/global-investment-firm-carlyle-to-acquire-international-marketing-agency-incubeta/ |access-date=November 16, 2022 |website=PerformanceIN |language=en-US}}</ref>

In February 2023, [[Harvey Schwartz]] was appointed CEO of the group, replacing Kewsong Lee, who left the position abruptly the previous summer following a power struggle with the co-founders.<ref>{{cite news |last1=Gara |first1=Antoine |last2=Franklin |first2=Joshua |last3=Fontanella-Khan |first3=James |date=February 8, 2023 |url=https://www.ft.com/content/4946b6e2-bb66-4a8f-8328-28b26fcb20d1 |title='Street fighter' Harvey Schwartz takes the helm at rudderless Carlyle |work=[[Financial Times]]}}</ref>

In 2023, Carlyle invested in Anthesis Group, a provider of sustainability services for businesses.<ref>{{Cite web |title=Carlyle to acquire majority stake in Anthesis {{!}} Carlyle |url=https://www.carlyle.com/media-room/news-release-archive/carlyle-to-acquire-majority-stake-in-anthesis |archive-url=http://web.archive.org/web/20240828131638/https://www.carlyle.com/media-room/news-release-archive/carlyle-to-acquire-majority-stake-in-anthesis |archive-date=2024-08-28 |access-date=2025-01-14 |website=www.carlyle.com |language=en}}</ref>

In September 2023, it was announced Carlyle initiated a tender offer to acquire the [[Tokyo]]-headquartered paper and ink chemicals manufacturer, Seiko PMC from its [[Holding company|parent company]] [[DIC Corporation]] for $221&nbsp;million.<ref>{{Cite web |last=Sebastian |date=September 4, 2023 |title=Carlyle Group to Acquire Seiko PMC in $221m Deal |url=https://rainmakrr.com/private-equity-news-pe/japan-latest/carlyle-group-tender-offer-for-seiko-pmc/ |access-date=September 5, 2023 |website=Private Equity Insights |language=en-US}}</ref>

In June 2024, Carlyle announced the formation of a new Mediterranean-focused oil and gas company, led by former [[BP]] CEO [[Tony Hayward]], after acquiring [[Energean]]'s assets in Egypt, Italy, and Croatia for up to $945 million.<ref>{{Cite web |last=Bousso |first=Ron |date=20 June 2024 |title=Carlyle creates new Med oil and gas company with $945 million Energean deal |url=https://www.reuters.com/markets/deals/energean-sell-egypt-other-assets-carlyle-up-945-mln-2024-06-20/ |access-date=20 June 2024 |website=Reuters}}</ref>

In October 2024, Carlyle Group strengthened its partnership with Korea Investment & Securities to discover attractive global products on the one-year anniversary of its strategic alliance.<ref>{{Cite web |last=언론-소셜밸류 |first=사회가치 공유 |date=2024-10-14 |title=한국투자증권, 칼라일그룹과 파트너십 강화 "매력적인 글로벌 상품 발굴·공급" |url=https://www.socialvalue.kr/news/view/1065593902749379 |access-date=2025-01-07 |website=www.socialvalue.kr |language=ko}}</ref>

In February 2025, The Carlyle Group entered India's auto components market by acquiring a controlling stake in an entity formed through the merger of Indian auto parts companies Highway Industries and Roop Automotives.<ref>{{Cite news |date=2025-02-14 |title= |url=https://www.reuters.com/markets/deals/carlyle-group-enters-indian-auto-parts-industry-with-highway-roop-platform-buy-2025-02-13/ |work=Reuters}}</ref>

In February 2025, Carlyle Group announced that it had entered into a definitive agreement with Bluebird Bio to be acquired by a fund managed by SK Capital Partners.<ref>{{Cite web |last=Philippidis |first=Alex |date=2025-02-23 |title=StockWatch: Bluebird Bio Plunges on Buyout, as Gene Therapy's Woes Grow |url=https://www.genengnews.com/topics/genome-editing/stockwatch-bluebird-bio-plunges-on-buyout-as-gene-therapys-woes-grow/ |access-date=2025-02-25 |website=GEN - Genetic Engineering and Biotechnology News |language=en-US}}</ref>