It was then that a former Procter & Gamble salesman (who happened to handle its Clorox account) named Delmar Dallas took over Acosta. How many employees does Carlyle have? We offer unique access to alternative strategies within private equityaround the world. It also moved Acosta beyond grocery to tangential industries like restaurants. The work environment is very supportive and positive. In September 2006, Carlyle led a consortium, comprising Blackstone Group, Permira and TPG Capital, in the $17.6 billion takeover of Freescale Semiconductor. The only way out from under its debt cloud, according to Acostas management, was a quick bankruptcy filing that would allow it to emerge from the process in January effectively wiping clean its balance sheet and allowing its remaining employees to keep working. 20004 Global Credit Management of funds that pursue investments in distressed & special situations, direct lending, energy credit, loans & structured credit and opportunistic credit; and, Global Investment Solutions Management of funds that invest in private equity and real estate fund of funds, co-investment and secondaries through its, This page was last edited on 2 March 2023, at 10:15. We wouldn't blame The Carlyle Group Inc. (NASDAQ:CG) shareholders if they were a little worried about the fact that Kewsong Lee, the CEO & Director recently netted about US$18m selling shares. [54], In September 2020, The Carlyle Group acquired a majority stake in Minneapolis-based sanitizing machine maker Victory Innovations. [62], In August 2022, The Carlyle Group acquired Abingworth, a transatlantic bioscience investment firm. The Jacksonville, Florida, company was founded just before the Great Depression in 1927 by an ambitious grocery buyer named Louis T. Acosta and his younger brother Daniel. AUM: $4.23 trillion. Number of Countries Carlyle has invested in - 35 % of Carlyle's Current/Former Portfolio based in US - 51% Largest Transaction - $30.7B, Caesar's Entertainment (2008) Top 5 Sectors - Software, Financial Services, Business Services, Manufacturing, Healthcare Services A quarter of private equity deals involve PE firms on both sides of the transaction. [73], AlpInvest Partners is one of the largest private equity investment managers globally with over $63 billion under management as of December 31, 2022, invested alongside more than 325 private equity firms. [43][44][45] Also in 2006, Carlyle acquired Oriental Trading Company which ultimately declared bankruptcy in August 2010[46] as well as Forba Dental Management, the owner of Small Smiles Dental Centers, the largest US chain of dental clinics for children. Glenn Youngkin was the co-CEO of the firm. We focus on theindustries in which we believe our deep expertise provides us with a competitive advantage. Its sales had grown to about $600 million. One of the companies that operates in this manner is the Carlyle Group." . Carlyle was founded in 1987 as an investment banking boutique by five partners with backgrounds in finance and government: William E. Conway Jr., Stephen L. Norris, David Rubenstein, Daniel A. It specializes in private equity, real assets, and private credit.It is one of the largest mega-funds in the world. but has managed to turn his own narrative around. The Carlyle Group has acquired 174 organizations. Blackstone Group Inc on Friday secured the support of Bill Gates, the biggest shareholder in Signature Aviation, bolstering its bid to buy the private-jet servicing company in the face of a rival . The firm prefers to invest in the aerospace, government services, commercial products, consumer, media, retail, financial services, healthcare, infrastructure . VF recently reported in its fiscal first quarter 2021 earnings (June-end) that The North Face revenue was down 45%. [70], In June 2017, Carlyle took its non-traded BDC, TCG BDC, Inc., public in the first business development company IPO since 2014.[71][72]. George W. Bush had invested $10 million in one Carlyle Group which employed him before he became the Governor of Texas. AUM: $3.86 trillion. Its Value Score of C indicates it would be a neutral pick for value investors. The $850 million acquisition of United Defense represented Carlyle's largest investment to that point. How is it working for the Carlyle Group? Carlyle's previous chief In 2015, The Carlyle Group was the world's largest private equity firm, based on capital raised over the previous five years, although it has since slipped into second place. An industry-leading Senior Media Executive with global experience managing private equity-backed companies and public corporations. ZoomInfo Recognizes 100 Most Influential Sales, Marketing, and Talent Professionals in the U.S. Carlyle isnt the only offender in this tale of financial engineering gone wrong. [1] The firm operates four fund families, focusing on leveraged buyouts, venture & growth capital, real estate and leveraged finance investments. [48], 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.[49][50][51]. Equinix is an internet company that provides data center services for companies, businesses, and organizations. Image via Complex Original. [17] In more recent years, Carlyle has invested less in the defense industry. District of Columbia As it happens, Carlyle had financed the sale of Swift's former label, Big Machine Label Group, to music manager Scooter Braun. By the beginning of the new millennium Acosta was one of only a few national sales and marketing food brokers. The deal resulted in $1.7 billion in debt on Catalinas balance sheet. Group President & Head Retail Assets, Alternate Channels, Debt Management, Retail Legal. With a market cap over $300 billion, the company directly owns dozens of businesses and holds huge stakes in many more, some of which include America's largest companies like Coca-Cola, IBM,. The Carlyle Group manages $376 billion in assets under management investing in Global Private Equity, Global Credit and Global Investment Solutions as of June 30 , 2022. On this Wikipedia the language links are at the top of the page across from the article title. Follow-up on issues is virtually non-existent. Carlyle was founded with $5 million of financial backing from T. Rowe Price, Alex. Carlyle is one of the world's leading global investment firms. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Carlyle's Corporate Private Equity segment advises 23 buyout and 10 growth capital funds, with $75 billion in Assets Under Management ("AUM") as of March 31, 2018. (Video) ICON is Re-branded Tekton and Carlyle? The funding reportedly values the streetwear specialist at nearly $1 billion. [64], 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. How much does a partner at Carlyle make? That just 12 . In 2020, the investment was acquired by VF Corporation, which owns The North Face, Timberland, and Vans for $2.1 billion. The Global Credit segment had about $34 billion in AUM as of March 31, 2018. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. (" Carlyle " or the " Company ") is pleased to announce that, further to its news release dated February 24, 2023, it has closed the second tranche (the " Second Tranche ") of its . [73], Carlyle's Global Credit segment advises 53 funds that pursue investment opportunities across distressed and special situations, direct lending, energy credit, loans and structured credit and opportunistic credit. It was the biggest buyout loss in the Washington, D.C.-based firms 33-year history. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to The Carlyle Group. The Carlyle Group was formed in 1987 and is based in Washington DC. [73], Carlyle's Investment Solutions segment advises global private equity through its subsidiary, AlpInvest Partners. The founder of Fort Lauderdale-based GQG Partners is known for making large investments in old-school industries like oil and tobacco. Shawn Thew/EPA, via Shutterstock But its portfolio managers, who tend to wear dark suits and skinny ties, were not used to dealing with. Over the next 22 years he expanded regionally, opening up offices in Tampa, Miami and Birmingham, Alabama, in an effort to keep up with expanding regional supermarkets like Publix and Winn-Dixie. Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. I'm Too Old To Be A Hypebeast Hypebeasts. Experts have this caution, SESAMm Raises 35M in Series B2 to Grow its ESG and Sentiment Analysis Business, Delhivery shares: Buzz of block deal; stock gains. The Carlyle Groupis a Washington, D.C. based global private equity investment firm with more than $58.5 billion of equity capital under management. Maintaining our focus within key asset classes and industry sectors is what has allowed us to create true value for our partners and diligently grow our business over time. It is one of the largest mega-funds in the world. What is the average price of a home in Ohio? Some more off-piste businesses on their. Carlyle Group Summary. Carlyle Group is based out of Washington. 2023 Forbes Media LLC. The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. But in an unusual twist of fate its owner, perhaps the most famous private equity shop of all, Carlyle Group, got stuck holding the proverbial bag. Valuation. It specializes in private equity, real assets, and private credit. Buyouts declined after the collapse of the dot-com bubble in 2000 and 2001. In 2014, it was Carlyles turn. Galileo is Europe's own global navigation satellite system, providing a highly accurate, guaranteed global positioning service under civilian control. [18], Carlyle's 2001 investor conference took place on September 11, 2001. The firm seeks to invest through means of buyouts and growth capital. KKR fell 6 percent while the Carlyle Group slid almost 8 percent. Glenn. On May 3, 2012, Carlyle completed a US$700 million initial public offering and began trading on the NASDAQ stock exchange. They acquired VLCC Healthcare for $300M. the Binnie family Global Private EquityGlobal CreditGlobal Investment Solutions Contact Us News & Media. Then there is Irvine, Californias Advantage Solutions, a sales and marketing firm that Apax Partners flipped to Leonard Green and CVC Capital for $4 billion in 2014. In 2014, Berkshire Partners had purchased a majority stake in Catalina Marketing from private equity firm Hellman & Friedman in a $2.5 billion leveraged buyout. America now hosts thousands of PE firms and, according to PitchBook, a quarter of their deals involve private equity firms on both sides of the transaction. 2023 Investguiding. Carlyle has been actively expanding its investment activities and assets under management through a series of acquisitions and joint-ventures. Headquartered in New York, The Blackstone Group Inc. is an asset manager of alternative investments and a provider of financial advisory services. Osama bin Laden, who had reportedly orchestrated the terrorist attacks on September 11, 2001, was another investor. If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Carlyle Group is managed by a team of former US Gov personnel including its president Frank Carlucci, former deputy director of the CIA before becoming Defense Sec. [32], Carlyle also announced the $1.6 billion acquisition of Hawaiian Telcom from Verizon in May 2004. However, their overall investment might have been considerably larger, with the $2 million committed in 1995 only being an initial contribution that grew over time. The buyers were forced to pay an extra $800 million because KKR made a last-minute bid as the original deal was about to be signed. VP & Principal Analyst, Datacenter Compute, Matt Kimball dives in as he discusses the challenges he has been hearing about from IT executives across many industries, and spotlight an interesting solution he recently had the chance to preview. [6][8] Rubenstein, Conway and D'Aneillo remain active in the business. At Carlyle, we lead with our depth of knowledge and industry expertise. How is The North Face doing financially? Two years laters, in 2013 Carlyle acquires the remaining ownership stake in AlpInvest after which that business became a wholly-owned subsidiary. Which investors participated in the most funding rounds within this hub? 3Gs Kraft Heinz zero-based budgeting model initially seemed like a success, so other consumer packaged goods companies copied it, taking food brokerage services in-house or slashing the expenses associated with them. Metropolitan was sold in 2021 to BentallGreenOak. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index,[2] though by 2020, it had slipped into second place.[3]. Working at the Carlyle Group has taught me that combined effort from a team seeking the same goal is an extremely . The firm recently reported that the fund that held and wrote down Acosta is still running a respectable 10% net internal rate of return. About Guitar Center: Guitar Center is a leading retailer of musical instruments, lessons, repairs and . The main event is now finalised after one of the closest group stages we have seen in a long time. (Source: Carlyle Group) What does the company do? The Carlyle Group is also a major investor in US Investigations Services, which is the privatized arm of the United States Office of Personnel Management 's Office of Federal Investigations. Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Founded in 1987 in Washington, DC, our global team today is comprised of more than 2,100 professionals operating in 29 offices across 5 continents. The Vanguard Group. What is the difference between benchmark and index? By approaching every investment with our full platform, we uncover new opportunities, transform businesses and foster innovation. Consumer products companies like Minute Maid, Clorox and Purina were transforming into national brands. DLRYF. Investment Portfolio | Carlyle Investment Portfolio The portfolio companies listed below have been acquired, invested, or exited within 5 years of the current quarter. [24] These connections would later be profiled in Michael Moore's Fahrenheit 911. The headquarters of the Carlyle Group in Washington. If you'd like to suggest changes to this profile, please email us at support@crunchbase.com, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round. Glenn Youngkin CG stock SEC Form 4 insiders trading. [52], 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.[53] Also in June 2020, Unison had been purchased by the Carlyle Group and Unison management strategic investment company. [47], In 2011, Carlyle acquired AlpInvest Partners in a joint venture with the firm's management, entering into a new line of business managing fund of funds, secondary investments and co-investments. His deputy is James Baker 3, who was US Sec of State under Bush sr. 6 days after officially quitting Pentagon, 1-6-89, Frank Carlucci became Carlyles Dir Gen. The Guernsey-based affiliate of Carlyle was very heavily leveraged, up to 32 times by some accounts, and it expected its creditors to seize its remaining assets. Across all of our businesses, we look to leverage our extensive knowledge in order to create the most value and impact over the long term. In Fahrenheit 9/11, Moore makes nine allegations concerning the Carlyle Group. The terms of the deal were not disclosed. If there are more sellers than buyers, prices go down until they reach a level that entices buyers. The gap between tags can vary, but you'll know if it's fake Supreme if the two tags touch or overlap, and aren't parallel to each other. Specialist in multi-platform initiatives within advertising . Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC. Prospa is an Australian owned and operated online lending service provider for small businesses within the region. Delhivery is a supply chain services company that provides transportation, warehousing, freight, and order fulfillment services. It didn't help that 30-year Acosta veteran and CEO, Robert Hill, decided. State Street Global Advisors. But eventually, the music will stop. At Carlyle Group, 1,825 staff received a total of $822m in 'cash based compensation', plus $339m in 'realized performance revenues compensation.' This worked out an average of $636k each for the year. Berkshire Partners sold Acosta in 2006 to AEA Investors for an undisclosed sum. In total, The Carlyle Group has invested in 41 US states and 38 different countries. As a leader in the industry, weve developed a formula for success that brings our full platform to every interaction and transaction. The financial health and growth prospects of CG . Carlyle also invested in Vought Aircraft through a partnership with Northrop Grumman. It didnt help that 30-year Acosta veteran and CEO, Robert Hill, decided to step down in 2016 and Carlyle, together with Acostas board, chose to replace him with two outsiders. Ownership should be material (i.e, full control, majority ownership or significant minority ownership) Pages in category The Carlyle Group companies. Their most recent acquisition was VLCC Healthcare on Jan 10, 2023. [67][68], In February 2008, California legislators targeted Carlyle and Mubadala, proposing a bill that would have barred CalPERS from investing money "with private-equity firms that are partly owned by countries with poor records on human rights." Our investors range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. 23. In 2008 Carlyle launched Carlyle Capital, an offshore public company that invested in mortgage-related securities. Carlyle Group's largest holding is ZoomInfo Technologies Inc. with shares held of 36,662,469. Their last reported 13F filing for Q4 2022 included $3,436,959,351 in managed 13F securities and a top 10 holdings concentration of 99.81%. Critical to Acostas growth and success were the strong relationships it had in the executive ranks of manufacturers like Coca-Cola and H.J. AUM: $8.4 trillion. Largest private equity firmsView 3+ more. We work hard to cultivate diverse and inclusive teamswith diverse perspectives, knowledge bases, interests and cultural identitieswho can examine ideas from every angle to generate competitive business insights and make better decisions. His latest beton the ports-to-power conglomerate Adani Groupmight be his most daring yet. Date. Youngkin - who is running on his business experience - has little to show for his time leading the private equity group, other than a $17 million . Category for portfolio companies of the private equity investment firm: Carlyle Group[1] ^Portfolio companies are those companies that are currently or have been previously owned or controlled by the private equity firm or its affiliate funds. The firm employs more than 395 In July 2019 Warburg lost its entire $100 million investment in the firm after it needed to be restructured. The Investor Relations website contains information about The Carlyle Group's business for stockholders, potential investors, and financial analysts. A shareholder of the Carlyle Group, a private equity firm formerly led by Youngkin, alleges that a 2020 deal enriched executives at the expense of cops and firefighters. [85], The losses to the Carlyle Group due to the collapse of Carlyle Capital are reported to be "minimal from a financial standpoint". From the 1930s to the 1970s family-owned Acosta remained firmly rooted in Jacksonville. So, the Carlyle Group is a multinational PE firm based in DC in the US. [67], In September 2007, Mubadala Development Company, an investment vehicle for the government of Abu Dhabi of the United Arab Emirates, purchased a 7.5% stake for $1.35 billion. Crossmark and Catalina Marketing, two other large companies providing sales and marketing services to the nations best-known consumer packaged goods brands, have crumbled under the weight of private equity debt in the last two years. Glenn has made over 3 trades of the Carlyle Inc stock since 2013, according to the Form 4 filled with the SEC. Who does Carlyle own? Carlyle had previously acquired a real estate fund of funds group, Metropolitan Real Estate, to provide investors with access to multi-manager real estate funds and strategies with more than 85 fund managers in the United States, Europe, Asia and Latin America. What causes the stock market to GO down? In December, Matthew Laurie, the interim chief financial officer of Acosta Inc., said in a court document that the debt itself had become an operational issue: Acostas competitors have pointed to the companys significant indebtedness, contrasting their own de-levered balance sheets, to entice clients away.. [61] Following this in May 2022, The Carlyle Group announced the acquisition deal of US government contractor for cyber security and IT defence, ManTech International. [29] Shortly after Dex Media, other larger buyouts would be completed signaling a resurgence in private equity. [33][34] The hiring of Gerstner, was intended to reduce the perception of Carlyle as a politically dominated firm. However, IT absolutely is horrible. Human rights groups urged the United Nations to take action against the abortion restrictions. Sadly, thats not an abnormal fate for a food company that has become a private equity pawn. Russias War On Ukraine: Daily News And Information From Ukraine, Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, This African Country Of Millions Is Without PowerHeres What We Know, REI Workers In Cleveland Vote To Join The Retail, Wholesale And Department Store Union, Meet Rajiv Jain, The Asset Management Billionaire Backing The Embattled Adani Group, Walgreens-Backed VillageMD Buys 30-Location Physician Group In Connecticut, U.S. UPDATED June 25, 2019: When Sam Zell's Equity LifeStyle Properties snatched up a Davie mobile home park for $50.35 million in July of last year, the billionaire real estate mogul's firm bought . Image via Complex Original. Bio Energy Coevorden acquired by Varo Energy, Manlianrong acquired by Du Xiaoman Financial, Pacific Fund Systems acquired by Apex Group, AVCJ PRIVATE EQUITY & VENTURE FORUM (34th ANNUAL EVENT), Investor, Startup, Company or School that the hub is based on, Total number of organizations associated with this hub, Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Total number of for-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. Over the last few years, revenues at Acosta have been hit hard as grocery marketing budgets have shrunk while at the same time consumers have gravitated toward fresh and organic foods over the canned and dry goods that have made up the bulk of Acostas brokerage business. Still, Acosta was unable to make a principal debt payment in September 2019, leading to Carlyles decision to push the company into bankruptcy. With $376 billion of assets under management as of June 30, 2022, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. [7][10] The firm raised its first dedicated buyout fund with $100 million of investor commitments in 1990. Working at the Carlyle Group has been a truly enjoyable experience. In the chart below, you can see how the company has grown earnings and revenue, over time. Plus Amazon (and other online retailers) now sell lots of packaged foods online, undermining the importance of middlemen like Acosta. As a broker, young Acosta represented a few manufacturers like Clorox and La Choy Chinese Foods, earning commissions for arranging prime shelf space at local grocers. Within two years, Matthesen was out and replaced by Alejandro Rodriguez Bas, who had worked in the food business as a vice president at C&S Wholesale Grocers. Investment firm The Carlyle Group has acquired RuneScape publisher Jagex for at least $530 million. The average estimated annual salary, including base and bonus, at Acosta is $133,125, or $64 per hour, while the estimated median salary is $130,949, or $62 per hour. Jagex was owned by U.S. investors between 2012 and 2016, by Chinese investors from 20162020, by Macarthur Fortune Holding LLC for about a year in 2020, and is presently owned by The Carlyle Group. Is The Carlyle Group a good company to work for? Join Mergr to view The Carlyle Groups full profile and discover more We leverage our expertise across our businesses to ensure we are delivering the best solutions to our partners and companies. Download Severe Aortic Stenosis and TAVR Medical Presentation | medicpresents.com, Aortic valve stenosis - Diagnosis and treatment. Since its acquisition in 2011, AlpInvest has grown its investor base from its two original Dutch pension sponsors to more than 450 institutional investors globally.[77]. [11] Carlyle would sell the business to Tracor in October 1994. First, they brought in Steve Matthesen, a former management consultant who had worked as an executive at TV-ratings outfit Nielsen. As one of the worlds largest investment management firms, our assets are diversified across our business segments as well as the industries, sectors and regions in which we invest. The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. Carlyle has 327 portfolio exits. In total, The Carlyle Group has invested in 41 US states and 38 different countries. Founded in 2000, AlpInvest had historically been the exclusive manager of private equity investments for the investment managers of two of the world's largest pension funds Stichting Pensioenfonds ABP (ABP) and Stichting Pensioenfonds Zorg en Welzijn (PFZW), both based in the Netherlands. Headquartered in Jacksonville, Florida, Acosta is a sales and marketing company for consumer packaged goods (CPG) companies. Carlyle Group Inc's stock is NA in 2023, NA in the previous five trading days and down 25.1% in the past year. In bankruptcy court, Acostas Wall Street debt holders, billionaire Paul Singers Elliott Management, Oaktree Capital Management and Davidson Kempner, agreed to exchange their Acosta debt for equity, most of which had been previously held by Carlyle. The implication, then, is that Carlyle is the more lucrative place to work. Over the last 17 years Acosta has traded between four private equity firms in three separate deals. When your best clients are brands like Heinz, P&G, Campbell's and Kellogg's, such seemingly wholesome trends spell disaster. The Carlyle Group is a global private equity firm that caters to early and later stage companies. The Carlyle Group, a global investment firm, acquired Accelerate Learning on Dec. 20, 2018, according to the firm's website. California Public Employees' Retirement System, United States Securities and Exchange Commission, "Our Story | The Carlyle, A Rosewood Hotel", "General Dynamics Sells Unit To Private Group", "Tracor To Buy GDE Systems From Carlyle Group", "Philips To Sell Magnavox Electronic Systems", "Hughes Aircraft Sets Purchase of Magnavox for $370 Million", "Carlyle Beats General Dynamics In Bidding for United Defense", "Military Contractor Sold to Buyout Firm", "Fahrenheit 9/11 had no effect, says Carlyle chief", "Big Deals. Baltimore, Maryland, U.S. Heinz, which would go on to buy Kraft Foods in 2015. Which industries has this organization had the most exits in? [4] The founding partners named the firm after the Carlyle Hotel in New York City (named for Thomas Carlyle)[5] where Norris and Rubenstein had planned the new investment business. The Carlyle Group LP said Tuesday it had teamed up with Seattle-based hotel investor The Dow Hotel Co. to purchase the Lakeway Resort and Spa near Austin, Texas, where the new owners said they'd . Follow their advice to plan an event that As professional organizational coaches know, the key to a great virtual group coaching seminar is planning an engaging event that is well-thought-out and valuable to the audience.