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80-594: Parker Meggitt (legally Meggitt Ltd ) is a British international company specialising in components and sub-systems for the aerospace , defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022. The company's history spans back to multiple preceding businesses that were originally founded in both

160-532: A Washington -based lawyer, had worked in the Carter Administration . Norris and D'Aneillo had worked together at Marriott Corporation ; Conway was a finance executive at MCI Communications . Rosenbaum left in the first year and Norris departed in 1995. Rubenstein, Conway and D'Aneillo remain active in the business. Carlyle was founded with $ 5 million of financial backing from T. Rowe Price , Alex. Brown & Sons , First Interstate Equities, and

240-471: A machine tool manufacturer based in Halifax, West Yorkshire . That same year, Willson Lathes became a quoted public company . During 1964, Meggitt, a Dorset -based light engineering business, was wholly acquired by Willson Lathes; subsequently, management decided to change the company's name to Meggitt Holdings . During 1983, Nigel McCorkell and Ken Coates, together with 3i Group , took control of Meggitt via

320-402: A management buy-in . The new management team soon embarked on a series of acquisitions, aimed at increasing the business' geographical diversity to become an international engineering company; it focused on speciality sectors within fields such as aerospace , controls, electronics and energy. During 1985, Meggitt Holdings acquired London -based avionics specialist Negretti and Zambra. In 1986,

400-483: A $ 7.5 billion buyout of QwestDex, the third-largest corporate buyout since 1989. QwestDex's purchase occurred in two stages: a $ 2.75 billion acquisition of assets known as Dex Media East in November 2002 and a $ 4.30 billion acquisition of assets known as Dex Media West in 2003. R. H. Donnelley Corporation acquired Dex Media in 2006. Shortly after Dex Media, other larger buyouts would be completed, signaling

480-556: A 5.5% holding in Carlyle's management company for $ 175 million. The investment was valued at about $ 1 billion by 2007 at the height of the 2000s buyout boom. 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. In February 2008, California legislators targeted Carlyle and Mubadala, proposing

560-420: A British manufacturer of speed and temperature sensors for aero engines, from Smiths Aerospace . During the following year, Meggitt bought Western Design, which manufactured automated ammunition-handling apparatus and environmental control systems. In 2003, it acquired Caswell International, a provider of high-tech live fire training systems. During 2004, the company, in cooperation with The Carlyle Group , bought

640-475: 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." The bill, which was intended to draw attention to the connection between Carlyle and Mubadala Development, was later withdrawn. In May 2012, Carlyle completed an initial public offering of the company, listing under the symbol CG on the NASDAQ . The firm, which at

720-721: A major customer, began dropping sharply. In addition, in the recession of 2008–2009, Freescale's chip sales to automakers fell off, and the company came under great financial strain. Earlier that year, in January 2006, Carlyle together with Blackstone Group , AlpInvest Partners , Hellman & Friedman , KKR and Thomas H. Lee Partners acquired Nielsen Company , the global information and media company formerly known as VNU in an $ 8.9 billion buyout. Also in 2006, Carlyle acquired Oriental Trading Company which ultimately declared bankruptcy in August 2010 as well as Forba Dental Management,

800-563: A member of the Saudi royal family . Carlyle developed a reputation for acquiring businesses related to the defense industry. In 1992, Carlyle completed the acquisition of the Electronics division of General Dynamics Corporation, renamed GDE Systems, a producer of military electronics systems. Carlyle would sell the business to Tracor in October 1994. Carlyle acquired Magnavox Electronic Systems ,

880-660: A more serious scientific discipline. Airmen like Otto Lilienthal , who introduced cambered airfoils in 1891, used gliders to analyze aerodynamic forces . The Wright brothers were interested in Lilienthal's work and read several of his publications. They also found inspiration in Octave Chanute , an airman and the author of Progress in Flying Machines (1894). It was the preliminary work of Cayley, Lilienthal, Chanute, and other early aerospace engineers that brought about

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960-524: A part of the general safety of a system or a piece of equipment. It implies that the system or equipment can be operated properly and without causing any danger, risk, damage or injury. Functional safety is crucial in the aerospace industry, which allows no compromises or negligence. In this respect, supervisory bodies, such as the European Aviation Safety Agency (EASA), regulate the aerospace market with strict certification standards. This

1040-404: A part was repaired or overhauled to meet OEM specifications. Once a part is overhauled its value is determined from the supply and demand of the aerospace market. When an airline has an aircraft on the ground , the part that the airline requires to get the plane back into service becomes invaluable. This can drive the market for specific parts. There are several online marketplaces that assist with

1120-547: A resurgence in private equity. Lou Gerstner , former chairman and CEO of IBM and Nabisco , replaced Frank Carlucci as chairman of Carlyle in January 2003. Gerstner would serve in that position through October 2008. The hiring of Gerstner was intended to reduce the perception of Carlyle as a politically dominated firm. At the time, Carlyle, which had been founded 15 years earlier, had accumulated $ 13.9 billion of assets under management and had generated annualized returns for investors of 36%. Carlyle also announced

1200-1772: A series of leveraged buyout and growth capital investment funds with specific geographic or industry focuses. Carlyle invests primarily in the following industries: aerospace , defense & government services, consumer & retail, energy, financial services, health care , industrial, Real Estate , technology and business services , telecommunications & media , and transportation . 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. Carlyle's Real Assets segment advises 11 U.S. and internationally focused real estate funds, two infrastructure funds, two power funds, an international energy fund, and four Legacy Energy funds (funds that Carlyle jointly advises with Riverstone). The segment also includes nine funds advised by NGP. The Real Assets segment had about $ 44 billion in AUM as of March 31, 2018. 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. The Global Credit segment had about $ 34 billion in AUM as of March 31, 2018. Carlyle's Investment Solutions segment advises global private equity through its subsidiary, AlpInvest Partners . AlpInvest manages fund of funds programs and related Co-investments and Secondary investments across more than 340 fund vehicles. The Investment Solutions segment has approximately $ 63 billion of assets under management as of December 31, 2022. AlpInvest Partners

1280-525: A subadvisor to the Carlyle Group's $ 776 million buyout fund focused on South America. In March 2022, the Carlyle Group acquired Dainese - an Italian motorcycle kit and clothing company from Investcorp . 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 billion, will include

1360-425: A variety of different fields including medicine, transportation, energy, consumer goods, public safety and more. NASA publishes an annual report called "Spinoffs", regarding many of the specific products and benefits to the aforementioned areas in an effort to highlight some of the ways funding is put to use. For example, in the most recent edition of this publication, "Spinoffs 2015", endoscopes are featured as one of

1440-412: A wholly-owned subsidiary. 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. In October 2017, the Carlyle Group made a $ 500 million investment in the brand Supreme valuing

1520-420: Is an American multinational company with operations in private equity , alternative asset management and financial services . As of 2023, the company had $ 426 billion of assets under management. Carlyle specializes in private equity , real assets , and private credit . It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over

1600-606: Is meant to reach and ensure the highest possible level of safety. The standards AS 9100 in America, EN 9100 on the European market or JISQ 9100 in Asia particularly address the aerospace and aviation industry. These are standards applying to the functional safety of aerospace vehicles. Some companies are therefore specialized in the certification, inspection, verification and testing of the vehicles and spare parts to ensure and attest compliance with

1680-472: 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. 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

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1760-492: The Beech King Air , Beech 1900D , Hawker 800XP and Hawker Horizon , in its lineup. Later that year, Boeing announced that Meggitt would be its sole supplier of solid-state electronic standby instrumentation for all of its airlines. During 2001, a new CEO, Terry Twigger , took over at Meggitt. The company continued to expand through numerous acquisitions throughout the 2000s. In 2002, it arranged to acquire Lodge (Brothers),

1840-497: The Boeing 787 Dreamliner fleet, which was grounded in January 2013 due to multiple onboard battery fires. Subsequent investigation found that the charger was not at fault for the battery defects, clearing Meggitt products of culpability for the fires. During 2013, Meggitt's finance director, Stephen Young, took over as its CEO following Terry Twigger's retirement. In 2016, Tony Wood joined Meggitt as its CEO, becoming Chief Executive during

1920-677: The Dunlop Standard Aerospace Group 's design and manufacturing divisions; the deal included Dunlop Aerospace Braking Systems, Dunlop Ice Protection & Composites, Dunlop Precision Rubber; Dunlop Equipment, Serck Aviation, and Stewart Warner South Wind. This rapid acquisition rate led to Meggitt's high increases in annual revenue around this period. During 2005, Meggitt acquired sensors and electronics specialist Sensorex; that same year, it also bought ECET, an airborne electronic equipment and ignition systems manufacturer, as well as refuelling equipment specialist Avery-Hardoll. In 2006,

2000-668: The National Aerospace Laboratories and the Indian Space Research Organisation are headquartered. The Indian Space Research Organisation (ISRO) launched India's first Moon orbiter, Chandrayaan-1 , in October 2008. In Russia, large aerospace companies like Oboronprom and the United Aircraft Building Corporation (encompassing Mikoyan , Sukhoi , Ilyushin , Tupolev , Yakovlev , and Irkut which includes Beriev ) are among

2080-488: The Netherlands . In 2011, Carlyle acquired AlpInvest and has integrated the business, including its leading fund-of-funds and secondary platforms, significantly expanding Carlyle's global asset management business. 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. AlpInvest pursues investment opportunities across

2160-796: The New York Stock Exchange in December 2001, then sold the rest of the stock in April 2004. In more recent years, Carlyle has invested less in the defense industry. Carlyle's 2001 investor conference took place on September 11, 2001. In the weeks following the meeting, it was reported that Shafiq bin Laden , a member of the Bin Laden family , had been the "guest of honor", and that they were investors in Carlyle-managed funds. Later reports confirmed that

2240-609: The Richard King Mellon family. In the late 1980s, Carlyle raised capital deal-by-deal to pursue leveraged buyout investments, including a failed takeover battle for Chi-Chi's . The firm raised its first dedicated buyout fund with $ 100 million of investor commitments in 1990. In its early years, Carlyle also advised in transactions including, in 1991, a $ 500 million investment in Citigroup by Prince Al-Waleed bin Talal ,

2320-424: The $ 1.6 billion acquisition of Hawaiian Telcom from Verizon in May 2004. Carlyle's investment was immediately challenged when Hawaii regulators delayed the closing of the buyout. The company also suffered billing and customer-service issues as it had to recreate its back-office systems. Hawaiian Telcom ultimately filed for bankruptcy in December 2008, costing Carlyle the $ 425 million it had invested in

2400-455: The $ 27.5 billion (including assumed debt) acquisition of Kinder Morgan , one of the largest pipeline operators in the US. The buyout was backed by Richard Kinder , the company's co-founder and a former president of Enron . In September 2006, Carlyle led a consortium, comprising Blackstone Group , Permira and TPG Capital , in the $ 17.6 billion takeover of Freescale Semiconductor . At

2480-631: The Bin Laden family had invested $ 2 million into Carlyle's $ 1.3 billion Carlyle Partners II Fund in 1995, making the family relatively small investors with the firm. 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. These connections would later be profiled in Michael Moore 's Fahrenheit 9/11 . The Bin Laden family liquidated its holdings in Carlyle's funds in October 2001, just after

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2560-559: The Carlyle Group acquired a majority stake in Jagex , a British video game development studio known for the massively multiplayer online game RuneScape . 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

2640-504: The Carlyle Group acquired a majority stake in Minneapolis-based sanitizing machine maker Victory Innovations. Terms of the deal were not disclosed. At the end of September 2020, Youngkin retired from the firm, stating his intention to focus on community and public service efforts; this left Lee as sole CEO. Youngkin would later go on to be elected Governor of Virginia in the state's 2021 gubernatorial election. In January 2021,

2720-537: The European Union, aerospace companies such as Airbus SE , Safran , Thales , Dassault Aviation , Leonardo and Saab AB account for a large share of the global aerospace industry and research effort, with the European Space Agency as one of the largest consumers of aerospace technology and products. In India, Bangalore is a major center of the aerospace industry, where Hindustan Aeronautics Limited ,

2800-467: The September 11 attacks, when the connection of their family name to the Carlyle Group's name became impolitic. Buyouts declined after the collapse of the dot-com bubble in 2000 and 2001. But after the two-stage buyout of Dex Media at the end of 2002 and 2003, large multibillion-dollar U.S. buyouts could once again obtain high-yield debt financing and larger transactions could be completed. Carlyle, together with Welsh, Carson, Anderson & Stowe , led

2880-708: The Swedish Air Force—;especially in support of its position as a neutral country. (See Saab AB .) Other European countries either team up in making fighters (such as the Panavia Tornado and the Eurofighter Typhoon ), or else to import them from the United States. Pakistan has a developing aerospace engineering industry. The National Engineering and Scientific Commission , Khan Research Laboratories and Pakistan Aeronautical Complex are among

2960-532: The United States and Europe to fill these needs. However Canada still manufactures some military aircraft although they are generally not combat capable. Another notable example was the late 1950s development of the Avro Canada CF-105 Arrow , a supersonic fighter-interceptor whose 1959 cancellation was considered highly controversial. France has continued to make its own warplanes for its air force and navy, and Sweden continues to make its own warplanes for

3040-455: The United States, Europe , Asia and Latin America . Metropolitan was sold in 2021 to BentallGreenOak . Carlyle has been actively expanding its investment activities and assets under management through a series of acquisitions and joint-ventures. In March 2008, Carlyle Capital Corporation – established in August 2006 for the purpose of making investments in U.S. mortgage-backed securities – defaulted on about $ 16.6 billion of debt as

3120-1284: The United States, European Space Agency in Europe, the Canadian Space Agency in Canada, Indian Space Research Organisation in India, Japan Aerospace Exploration Agency in Japan, Roscosmos State Corporation for Space Activities in Russia, China National Space Administration in China, SUPARCO in Pakistan, Iranian Space Agency in Iran, and Korea Aerospace Research Institute in South Korea. Along with these public space programs, many companies produce technical tools and components such as spacecraft and satellites . Some known companies involved in space programs include Boeing , Cobham , Airbus , SpaceX , Lockheed Martin , RTX Corporation , MDA and Northrop Grumman . These companies are also involved in other areas of aerospace, such as

3200-546: The United States. However, the United Kingdom has a very active aerospace sector, with major companies such as BAE Systems , supplying fully assembled aircraft, aircraft components, sub-assemblies and sub-systems to other manufacturers, both in Europe and all over the world. Canada has formerly manufactured some of its own designs for jet warplanes, etc. (e.g. the CF-100 fighter), but for some decades, it has relied on imports from

3280-405: The appropriate regulations. Spinoffs refer to any technology that is a direct result of coding or products created by NASA and redesigned for an alternate purpose. These technological advancements are one of the primary results of the aerospace industry, with $ 5.2 billion worth of revenue generated by spinoff technology, including computers and cellular devices. These spinoffs have applications in

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3360-472: The capability to design and manufacture both armed and unarmed unmanned aerial vehicles . In the People's Republic of China, Beijing , Xi'an , Chengdu , Shanghai , Shenyang and Nanchang are major research and manufacture centers of the aerospace industry. China has developed an extensive capability to design, test and produce military aircraft, missiles and space vehicles. Despite the cancellation in 1983 of

3440-488: The commodity selling of aircraft parts. In the aerospace and defense industry, much consolidation occurred at the end of the 20th century and in the early 21st century. Between 1988 and 2011, more than 6,068 mergers and acquisitions with a total known value of US$ 678 billion were announced worldwide. The largest transactions have been: Multiple technologies and innovations are used in aerospace, many of them pioneered around World War II : Functional safety relates to

3520-510: The company at $ 1 billion. In 2020, the investment was acquired by VF Corporation , which owns The North Face , Timberland , and Vans for $ 2.1 billion. 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

3600-618: The company bought the engineering interest Bestobell , which had historically focused on aviation air ducting and sealing solutions. Following the appointment of Michael Stacey as the CEO of Meggitt Holdings in 1990, the company was reorganised to focus its efforts around three core markets: aerospace, defence systems and electronics. Further acquisitions were conducted during the 1990s. In 1992, Meggitt acquired sensor specialist firm Endevco, specialists in sensors for test and measurement applications. During 1998, engine diagnostics specialist Vibro-Meter

3680-501: The company had been selected to provide various systems, including the pneumatic bleed air system, brake control system, and carbon brake units, of the firm's Legacy 450/500 business jet . Meggitt's vibration monitoring system was also integrated into multiple platforms, including the CFM International CFM56 , General Electric GEnx , Rolls-Royce Trent and PowerJet SaM146 turbofan engines, amongst others. In 2010,

3760-634: The company purchased both simulation provider Firearms Training Systems and compressor producer Airdynamics. By this point, the North American market comprised around 50 per cent of the firm's revenue stream. A year later, Meggitt acquired K&F Industries, the parent company of the Aircraft Braking Systems Corporation. During 2008, it bought Ferroperm Piezoceramics A/S, which manufactured high quality piezoceramic materials for sensors. The company launched several products throughout

3840-520: The company restructured itself into five new divisions; consequently, all business units of Meggitt have operated thereafter through divisional management. In 2011, Meggitt acquired the Pacific Scientific Aerospace Group, a component supplier of both civilian and military aerospace sectors; this acquisition included Securaplane Technologies Inc. , an aerospace camera and battery supplier involved in producing GS Yuasa 's batteries for

3920-507: The company, valuing it at £6.3 billion. The transaction was approved by the UK Court on 9 September 2022, and the acquisition completed on 13 September. Products include a series of target drones, the Meggitt Banshee , sold to QinetiQ in 2016 for £57.5 million. Aerospace The beginning of space and the ending of the air are proposed as 100km (62mi) above the ground according to

4000-526: The company. As the activity of the large private equity firms increased in the mid-2000s, Carlyle kept pace with such competitors as KKR , Blackstone Group , and TPG Capital . In 2005, Carlyle, together with Clayton, Dubilier & Rice and Merrill Lynch completed the $ 15.0 billion leveraged buyout of The Hertz Corporation , the largest car rental agency from Ford . The following year, in August 2006, Carlyle and its Riverstone Holdings affiliate partnered with Goldman Sachs Capital Partners in

4080-607: The construction of aircraft. Modern aerospace began with Engineer George Cayley in 1799. Cayley proposed an aircraft with a "fixed wing and a horizontal and vertical tail," defining characteristics of the modern aeroplane. The 19th century saw the creation of the Aeronautical Society of Great Britain (1866), the American Rocketry Society, and the Institute of Aeronautical Sciences , all of which made aeronautics

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4160-520: The deal were not disclosed. 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. Also in June 2020, Unison had been purchased by the Carlyle Group and Unison management strategic investment company. In September 2020,

4240-470: The decade, such as the Meggitt Avionics new Generation Integrated Cockpit (MAGIC) for business aircraft , bleed air leak detection (BALD) system, and its Electro-Thermal-based Ice Protection (ETIP) system, often choosing to promote its latest entries at the biennial Farnborough Air Show . Meggitt has been a long time supplier of Brazilian aircraft manufacturer Embraer ; in 2018, it was announced that

4320-570: The entire spectrum of private equity including: large buyout , middle-market buyout , venture capital , growth capital , mezzanine , distressed and sustainable energy investments. New York , Amsterdam , London , Hong Kong , San Francisco , Indianapolis , Singapore and Tokyo with over 100 investment professionals and over 175 employees. 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

4400-441: The experimental Shanghai Y-10 , China is still developing its civil aerospace industry. The aircraft parts industry was born out of the sale of second-hand or used aircraft parts from the aerospace manufacture sector. Within the United States there is a specific process that parts brokers or resellers must follow. This includes leveraging a certified repair station to overhaul and "tag" a part. This certification guarantees that

4480-453: 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. In August 2022, the Carlyle Group acquired Abingworth , a transatlantic bioscience investment firm. In November 2022, it was announced the Carlyle Group has acquired the international marketing agency, Incubeta. In February 2023, Harvey Schwartz

4560-599: The first crewed Moon landing. In April 1981, the Space Shuttle Columbia launched, the start of regular crewed access to orbital space. A sustained human presence in orbital space started with " Mir " in 1986 and is continued by the " International Space Station ". Space commercialization and space tourism are more recent features of aerospace. Aerospace manufacturing is a high-technology industry that produces "aircraft, guided missiles, space vehicles, aircraft engines, propulsion units, and related parts". Most of

4640-648: The first powered sustained flight at Kitty Hawk, North Carolina on December 17, 1903, by the Wright brothers. War and science fiction inspired scientists and engineers like Konstantin Tsiolkovsky and Wernher von Braun to achieve flight beyond the atmosphere. World War II inspired Wernher von Braun to create the V1 and V2 rockets. The launch of Sputnik 1 in October 1957 started the Space Age , and on July 20, 1969 Apollo 11 achieved

4720-474: The following year after Stephen Young's retirement. During 2015, the company began to build up its composites division via the acquisition of British manufacturer EDAC, as well as the advanced composites division of Cobham PLC . In 2018, Meggitt announced plans to relocate its UK headquarters from Bournemouth Airport to a purpose-built facility in Ansty, Warwickshire . In 2021, Parker Hannifin made an offer for

4800-494: The forced liquidation of mortgage-backed assets caused by the Carlyle margin calls and other similar developments in credit markets, on March 11, 2008, the Federal Reserve gave Wall Street's primary dealers the right to post mortgaged-back securities as collateral for loans of up to $ 200 billion in higher-grade, U.S. government-backed securities. On March 12, 2008, BBC News Online reported that "instead of underpinning

4880-584: 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. For the first 25 years of its existence, Carlyle operated as a private partnership controlled by its investment partners. In 2001, the California Public Employees' Retirement System ( CalPERS ), which had been an investor in Carlyle managed funds since 1996, acquired

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4960-429: The global credit crunch brought about by the subprime mortgage crisis worsened for leveraged investors. 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. Tremors in the mortgage markets induced several of Carlyle's 13 lenders to make margin calls or to declare Carlyle in default on its loans. In response to

5040-1053: The industrial sector with fresh workers, apprenticeship programs like the Aerospace Joint Apprenticeship Council (AJAC) collaborate with community colleges and aerospace firms in Washington state. Important locations of the civilian aerospace industry worldwide include Washington state ( Boeing ), California ( Boeing , Lockheed Martin , etc.) and Montreal, Quebec , Canada ( Bombardier , Pratt & Whitney Canada ) in North America ; Toulouse , France ( Airbus SE ) and Hamburg , Germany ( Airbus SE ) in Europe ; as well as São José dos Campos , Brazil ( Embraer ), Querétaro , Mexico (Bombardier Aerospace, General Electric Aviation) and Mexicali , Mexico (United Technologies Corporation, Gulfstream Aerospace ) in Latin America . In

5120-546: The industry is geared toward governmental work. For each original equipment manufacturer (OEM), the US government has assigned a Commercial and Government Entity (CAGE) code . These codes help to identify each manufacturer, repair facilities, and other critical aftermarket vendors in the aerospace industry. In the United States, the Department of Defense and the National Aeronautics and Space Administration (NASA) are

5200-413: The major global players in this industry. The historic Soviet Union was also the home of a major aerospace industry. The United Kingdom formerly attempted to maintain its own large aerospace industry, making its own airliners and warplanes, but it has largely turned its lot over to cooperative efforts with continental companies, and it has turned into a large import customer, too, from countries such as

5280-514: The medical derivations of aerospace achievement. This device enables more precise and subsequently cost-effective neurosurgery by reducing complications through a minimally invasive procedure that abbreviates hospitalization. "These NASA technologies are not only giving companies and entrepreneurs a competitive edge in their own industries, but are also helping to shape budding industries, such as commercial lunar landers ," said Daniel Lockney. The Carlyle Group The Carlyle Group Inc.

5360-638: The military communications and electronic-warfare systems segment of Magnavox, from Philips Electronics in 1993. Carlyle sold Magnavox for about $ 370 million to Hughes Aircraft Company in 1995. Carlyle also invested in Vought Aircraft through a partnership with Northrop Grumman . Carlyle's most notable defense industry investment came in October 1997 with its acquisition of United Defense Industries . The $ 850 million acquisition of United Defense represented Carlyle's largest investment to that point. Carlyle completed an IPO of United Defense on

5440-466: The mortgage-backed securities market, it seems to have had the opposite effect, giving lenders an opportunity to dump the risky asset" and that Carlyle Capital Corp. "will collapse if, as expected, its lenders seize its remaining assets." On March 16, 2008, Carlyle Capital announced that its Class A Shareholders had voted unanimously in favor of the Corporation filing a petition under Part XVI, Sec. 96, of

5520-401: The nineteenth and twentieth centuries. Meggitt's own official history claims that the company's roots can be traced through to 1850 via the scientific instrumentation business Negretti and Zambra , which had, amongst other innovations, invented the world's first altimeter for the hot air balloon . During 1947, a new business was founded under the trading name Willson Lathes ; it operated as

5600-416: The owner of Small Smiles Dental Centers , the largest US chain of dental clinics for children. 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. Two years later, in 2013, Carlyle acquired the remaining ownership stake in AlpInvest after which that business became

5680-401: The physical explanation that the air density is too low for a lifting body to generate meaningful lift force without exceeding orbital velocity. In most industrial countries, the aerospace industry is a co-operation of the public and private sectors. For example, several states have a civilian space program funded by the government , such as National Aeronautics and Space Administration in

5760-528: The premier organizations involved in research and development in this sector. Pakistan has the capability of designing and manufacturing guided rockets, missiles and space vehicles. The city of Kamra is home to the Pakistan Aeronautical Complex which contains several factories. This facility is responsible for manufacturing the MFI-17 , MFI-395 , K-8 and JF-17 Thunder aircraft. Pakistan also has

5840-497: The previous five years, according to the PEI 300 index. In the 2024 ranking however, it had slipped to sixth place. Founded in 1987 in Washington, D.C. , the company has nearly 2,200 employees in 28 offices on four continents as of December 2023 . On May 3, 2012, Carlyle completed a US$ 700 million initial public offering and began trading on the NASDAQ stock exchange. Carlyle

5920-538: The time managed about $ 147 billion of assets, raised $ 671 million in the offering. Following the IPO, Carlyle's three remaining founding partners, Rubenstein, D'Aniello and Conway retained the position as the company's largest shareholders. In June 2017, Carlyle took its non-traded BDC, TCG BDC, Inc., public in the first business development company IPO since 2014. The firm is organized into three business segments: Carlyle's Corporate Private Equity division manages

6000-405: The time of its announcement, Freescale would be the largest leveraged buyout of a technology company ever, surpassing the 2005 buyout of SunGard . 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. Shortly after the deal closed in late 2006, cell phone sales at Motorola Corp., Freescale's former corporate parent and

6080-633: The two largest consumers of aerospace technology and products. Others include the very large airline industry. The aerospace industry employed 472,000 wage and salary workers in 2006. Most of those jobs were in Washington state and in California, with Missouri , New York and Texas also being important. The leading aerospace manufacturers in the U.S. are Boeing , United Technologies Corporation , SpaceX , Northrop Grumman and Lockheed Martin . As talented American employees age and retire, these manufacturers face an expanding labor shortfall. In order to supply

6160-405: Was also acquired to improve the company's portfolio of condition monitoring capabilities. In the following year, Californian aviation aftermarket support firm Whittaker Corporation was also acquired by Meggitt for $ 380m. During July 1997, Meggitt received their first contract from American commercial airline manufacturer Boeing to provide solid-state clocks for the Boeing 737 ; separately, it

6240-640: 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. In 2023, the Carlyle Group has invested in Anthesis Group a premier provider of sustainability services for businesses. 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 parent company DIC Corporation for $ 221 million. In June 2024, Carlyle announced

6320-496: Was contracted to provide the secondary flight display system for the Lockheed Martin F-35 Lightning II . That same year Spanish aviation company CASA appointed it to supply the air ducting system for its new C-295 utility transport aircraft. In 1998, Raytheon Aircraft awarded the company a contract to supply solid state altimeters and secondary flight display systems for numerous business aircraft, including

6400-529: Was founded in 1987 as an boutique investment bank by five partners with backgrounds in finance and government: William E. Conway Jr. , Stephen L. Norris , David Rubenstein , Daniel A. D'Aniello and Greg Rosenbaum . The founding partners named the firm after the Carlyle Hotel in New York City (named for Thomas Carlyle ) where Norris and Rubenstein had planned the new investment business. Rubenstein,

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