The Carlyle Group Inc. Stock 12‑Month Price Target Cut to $56.89, Implies 43% Upside

Carlyle Group has withdrawn from pursuing a deal to acquire Lukoil's international assets, according to a spokesman. The assets, valued at around $22 billion, were put up for sale last year due to U.S. sanctions on Russia. Carlyle had initially agreed to buy the assets, excluding those in Kazakhstan, and was in talks with several partners. Other companies, including Exxon Mobil, had shown interest in the portfolio.

Carlyle Asia Partners (part of The Carlyle Group, NASDAQ: CG) acquired a majority stake in Nido Home Finance, Edelweiss's housing finance arm, for approximately USD 215 million. The deal includes a primary capital infusion of INR 1,450 crore and a secondary purchase of a 45% stake from Edelweiss. Nido's net worth is expected to nearly triple to INR 2,300 crore within 18 months. The investment aims to fuel growth in India's affordable housing sector.

Todd Boehly, a US billionaire, is reportedly a potential buyer of Lukoil's international assets, valued at around $22 billion, with backing from the US government and Gulf investors. The assets include oil fields, refineries, and filling stations. Carlyle Group had previously been expected to acquire the portfolio, but Boehly's bid could challenge that. The transaction requires US regulatory approval and Russian government consent.

Carlyle Group's stock is rising as investors react positively to reports of an IPO for its Highway Roop Precision Technologies unit, which could raise up to $400 million. The firm benefits from record assets under management and steady fundraising, but faces concerns over weak cash generation and high leverage.

The Carlyle Group (CG) is acquiring privately held Parallax Energy, valued at roughly C$1 billion, to expand its Canadian energy operations. Parallax produces 20,000 barrels of oil equivalent per day and operates 300,000 acres in Alberta. This is Carlyle's second Canadian energy acquisition in a year, aiming to build a significant light-oil platform. Higher oil prices and improved market access may benefit the deal.

Several sectors, including asset managers, semiconductor stocks, and silver miners, experienced significant declines following Fed Chair Kevin Warsh's press conference. ON Semiconductor (NASDAQ:ON) led the drop, falling 6%, while Boeing (NYSE:BA) weighed on the Dow. Economists are divided on future rate hikes, with some expecting more hikes and others predicting easing next year.