We use them to give you the best experience. Simon Dawson/ Bloomberg. She originally joined Nasdaq in 1993. I'll be Plunging my way in support of 23,000+ Special Olympics Virginia athletes! NS Energy is using cookies. Carlyle Group disclosed plans to sell shares in an oil-unloading system the firm installed at a Philadelphia refinery that it took over two years ago. Sunoco and the Carlyle Group announced joint plans to expand and update the Philadelphia refinery, which had been scheduled to close in August. From the 1930s to … The Carlyle Group spent $175 million in 2012 to acquire a two-thirds stake in PES Holdings, but in return it had to obtain full operational control of the company. 02-07-2012. 23-04-2012. The Carlyle Group is a global private equity firm that caters to early and later stage companies. In parallel of the Philadelphia refinery transfer to Carlyle, Sunoco confirmed to have completed the spin off of the Marcus Hook Polypropylene (PP) to the Brazilian Braskem for $350 million.. Net Health (www.nethealth.com), a provider of cloud-based clinical documentation, practice management, and billing solutions for specialized outpatient healthcare providers, today announced it has entered into a definitive agreement to be acquired by The Carlyle Group (NASDAQ: CG), a global private equity firm, management, and Level Equity, a growth equity investor. The refinery, which processes 330,000 bbl/d of crude oil into various refined products, was … The Carlyle has rental units ranging from 567-2137 sq ft starting at $1395. The site, originally two refineries merged into one, occupies more than two square miles of South Philadelphia, the Philadelphia Inquirer reported. PES Holdings was in desperate need of a capital injection at the time in order to upgrade its operations and stay relevant in the refining space. References Further reading. In January 2018, another asset-stripped company that was owned by Carlyle Group, Philadelphia Energy Solutions (PES), filed bankruptcy. David Rubenstein is cofounder and co-executive chairman of Carlyle Group, whose firm lost big on Acosta. The Carlyle Group L.P. (CG) and Sunoco (SUN) have agreed to form Philadelphia Energy Solutions, a joint venture that will enable the historic Philadelphia refinery to continue operating. Philadelphia Energy Solutions, a joint venture part owned by Carlyle Group LP, filed with U.S. regulators for an initial public offering. In January 2018, another asset-stripped company that was owned by Carlyle Group, Philadelphia Energy Solutions (PES), filed bankruptcy. Philadelphia Energy Solutions, a joint venture part owned by Carlyle Group LP, filed with U.S. regulators for an initial public offering. Sunoco, Inc. and global investment manager The Carlyle Group announced a new joint-venture deal enabling continued operation of Sunoco’s 330,000 barrel-per-day (b/d) Philadelphia, Pa. refinery. Reuters explained what happened this way: “The Carlyle … Prior to her return, she served as chief financial officer and managing director of The Carlyle Group from March 2011 to June 2014, and played a significant role in taking the company public in December 2012. Global alternative asset manager The Carlyle Group L.P. and Sunoco, Inc. announced today that they have agreed to form Philadelphia Energy Solutions, a joint venture that will enable the historic Philadelphia refinery to … This is The Carlyle Group’s 233rd transaction in the United States. For rent: $3,350. In 2012, Sunoco and investment firm The Carlyle Group formed the Philadelphia Energy Solutions (PES) partnership, to own and operate the refinery complex, renamed PES Philadelphia Refining Complex. The Marcus Hook PP plant has a capacity of 950,000 t/y of PP.. Sunoco Inc said on Monday it was in exclusive talks with private equity firm Carlyle Group LP for a potential joint venture to run the biggest refinery on the U.S. East Coast. Sunoco enters discussions with the Carlyle Group regarding Philadelphia refinery Joint Venture. This year, the Polar Plunge looks different but the cause is still the same. The Carlyle condos for sale or rent are located in a luxury apartment building just one block from the beautiful Rittenhouse Square neighborhood. Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an... | February 17, 2021 Read more about Sunoco and The Carlyle Group Complete Formation of Philadelphia Refinery Joint Venture The Carlyle Group to Acquire Controlling Stake in … Sunoco, Inc announced today that it has entered into exclusive discussions with The Carlyle Group, a global alternative asset manager, regarding a potential joint venture involving Sunoco’s 330,000 barrel-per-day refinery in Philadelphia. Somebody's Got To do It by Fr. The Carlyle Group and Sunoco have agreed to form Philadelphia Energy Solutions, a joint venture that will enable the historic Philadelphia refinery to continue operating. Reuters explained what happened this way: “The Carlyle-led consortium collected at least $594 million in cash distributions from PES before it collapsed, according to a Reuters review of bankruptcy filings. Consider supporting me by registering to Plunge your own way or making a donation to my page. This list of organizations invested in by The Carlyle Group provides data on their funding history, investment activities, and acquisition trends. ... OMX, and the Philadelphia and Boston Exchanges. On July 2, 2012, private equity firm The Carlyle Group acquired oil/gas exploration company Philadelphia Energy Solutions LLC Acquisition Highlights. See all available apartments for rent at The Carlyle in Philadelphia, PA. PHILADELPHIA, PA—A joint venture partnership of The Carlyle Group and Alterra Property Group has acquired The Commonwealth, a 98-unit, high-rise apartment building at … Insights about top trending companies, startups, investments and M&A activities, notable investors PHILADELPHIA--(BUSINESS WIRE)-- Sunoco, Inc. (NYSE: SUN) and The Carlyle Group, L.P. (NASDAQ: CG) have completed the formation of Philadelphia Energy Solutions, a joint venture that will operate the Philadelphia Refinery.The refinery processes 330,000 barrels of crude oil per day into various refined products. Inquirer reported an initial public offering enters discussions with the Carlyle in Philadelphia, the Philadelphia Inquirer reported cookies! David Rubenstein is cofounder and co-executive chairman of Carlyle Group ’ s 13th transaction in the Oil/Gas sector! Carlyle Group and Sunoco agree to form Philadelphia refinery JV private equity firm that caters early. 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