What Companies Has The Carlyle Group Owned? A Practical Dive Into High-Profile Investments
Summary:
If you're trying to figure out which high-profile companies The Carlyle Group has owned, invested in, or influenced, this article gives you a ground-level view, with real-world stories, some hard numbers, and a bit of personal trial-and-error. We’ll also look at how these ownership structures play out globally, what regulators say, and how different countries treat “verified trade” and investment. Finally, there’s a comparison table and an expert's take on cross-border investment headaches.
How To Find Carlyle-Owned Companies: My Search Adventure
You'd think it’s easy to get a neat, up-to-date list of every company Carlyle Group has ever owned. Spoiler: it’s not. Their official site has
a portfolio page, but it’s mostly current holdings and not always comprehensive on historic investments. So, I started with Carlyle’s own database, then cross-checked with news articles, SEC filings, and even some industry forums.
Here’s my not-so-linear process, with a few bumps along the way:
- Go to Carlyle’s Portfolio List
- Click through sectors (e.g., “Consumer,” “Healthcare,” “Technology”), but quickly realize it only shows what’s currently in the stable.
- Google “Carlyle Group past investments” and land on a Wikipedia page with some big names, plus a few where I had a “no way, they owned that?” moment.
- Confirm details using SEC EDGAR filings, which are public and show investment deals, especially for US-listed companies.
- Check news sources like Reuters, Bloomberg and the FT for headline deals and exits.
Honestly, in a couple of cases, I mixed up Carlyle's investments with other private equity giants (almost included Blackstone’s Hilton deal here—oops). The point: it’s easy to get lost, but with some patience, you get a pretty solid view.
Some High-Profile Carlyle Investments (Current & Past)
Let’s get to the names that matter. Here are some of the most notable companies in which The Carlyle Group has invested, with links and a bit of backstory.
-
Booz Allen Hamilton (official site) – Carlyle bought a majority stake in 2008. Booz Allen is a major defense and technology consultancy for the US government. Source: NYTimes
-
United Defense – Acquired in 1997, later sold to BAE Systems in 2005. This deal is often cited in congressional discussions about private equity and defense contracts (GAO Report).
-
Nielsen Holdings – Carlyle was part of the consortium that took Nielsen private in 2006, before a later IPO. Nielsen is one of the biggest names in media ratings and analytics. (Reuters)
-
ManorCare – A huge US nursing home chain, acquired in 2007. The story is complicated: some praise, some criticism for how PE handled the healthcare sector. (NYTimes)
-
Syniverse – Bought in 2011, this company handles the backend of mobile messaging globally. (PR Newswire)
-
Axalta Coating Systems – Carlyle purchased this business from DuPont in 2013, later taking it public. Axalta’s specialty? Car paints and coatings. (Reuters)
-
Ortho Clinical Diagnostics – Bought from Johnson & Johnson in 2014, later sold to Quidel Corporation. This is big in medical testing. (WSJ)
-
Getty Images – Carlyle acquired a stake in 2012, exited in 2018. Getty is the internet’s stock photo giant. (Reuters)
-
Supreme – The streetwear icon. Carlyle bought about 50% in 2017, then sold it to VF Corporation in 2020 (WSJ).
-
ZoomInfo – Carlyle invested early; ZoomInfo went public in 2020 and is now a heavyweight in sales intelligence. (Forbes)
I threw together a quick screenshot from Carlyle’s portfolio explorer for reference (not an ad, just for clarity):
A Real-World Case: Cross-Border Investment and Verified Trade Standards
Let’s zoom out. Carlyle’s deals aren’t just US-based. For example, when Carlyle bought a major stake in McDonald’s China franchise in 2017 (
CNBC), the investment process ran up against different regulatory standards for “verified” investment and trade.
Just to make this concrete, here’s a (slightly simplified) table comparing how the US, EU, and China approach foreign direct investment (FDI) verifications, especially for large private equity deals:
Country/Region |
Standard Name |
Legal Basis |
Enforcement Agency |
USA |
CFIUS Review |
Foreign Investment and National Security Act, 2007 |
Treasury, CFIUS |
EU |
EU FDI Screening Regulation |
Regulation (EU) 2019/452 |
European Commission, Member States |
China |
Catalogue for the Guidance of Foreign Investment Industries |
Foreign Investment Law, 2020 |
MOFCOM, NDRC |
Sources:
Example: A US-China Transaction Gets Tangled
Here’s a (fictionalized) scenario I encountered in a consulting gig:
A US tech startup, partly funded by Carlyle, is set to be acquired by a Chinese conglomerate. The US side insists on CFIUS review, the Chinese side on MOFCOM approval. Each has different standards for what counts as “verified” investment—how the money is sourced, what data is shared, etc. Cue months of back-and-forth, translation, and legal headaches.
A partner at an international law firm (let’s call her Lin) told me over coffee: “Even when both countries say ‘yes’ in principle, their due diligence checklists rarely line up. One wants ultimate beneficial ownership clear to the last shell company, the other cares more about sectoral restrictions. It’s a paperwork marathon.”
Expert Take: International Investment Verification Isn’t “One Size Fits All”
I sat down with an industry veteran, “Mike,” who has shepherded PE deals across four continents. His take: “Carlyle’s brand gets them in the door, but every country has its own tripwires. In China, you need an extra layer of government nods. In the EU, it’s about strategic sectors. In the US, it’s national security. The same deal that’s routine in London can take a year in Berlin or Shanghai.”
This is echoed in the
OECD’s FDI review report, which points out that private equity deals are increasingly scrutinized for foreign control and transparency.
Personal Reflection: Why This Matters For Anyone Tracking Carlyle
As someone who’s tried to actually track down PE investments across borders, let me say: knowing the rules isn’t enough. You need to know who interprets them, and how. I’ve had deals fall apart because “verified trade” meant one thing to US regulators (“show me the ultimate parent!”) and something else to an EU office (“is this sector sensitive?”).
If you’re an entrepreneur, banker, or just a PE-watcher, knowing these differences can save you a pile of confusion. And, as the Carlyle example shows, even the biggest names have to play by local rules.
Conclusion & Next Steps
Carlyle Group’s investment portfolio is a who’s-who of big business, from defense and healthcare to tech and fashion. But tracking ownership is a practical maze, not a quick lookup. Regulatory rules around “verified trade” and cross-border investments add another layer of complexity, varying sharply by country.
If you’re digging into a specific company, start with Carlyle’s official portfolio, cross-check with news and regulatory filings, and don’t be afraid to dig into international standards (OECD, WTO, USTR, etc.) as you go. For anyone involved in global deals, understanding not just the “what” but the “how” of verification is key—and sometimes, you’ve got to learn the hard way.
For more, see the
OECD Investment Policy hub and
WTO trade in services.
Next steps:
If you’re researching a Carlyle deal, arm yourself with both company records and local regulatory guides. And, if you hit a wall, reach out to local experts—what counts as “verified” in New York might not fly in Shanghai or Brussels.