New York, NY and Vaughn, Ontario – Global alternative asset manager The Carlyle Group (NASDAQ: CG) and Empire Communities, one of the Canada’s largest homebuilders, today announced that Carlyle’s credit opportunities fund has provided C$225 million in growth capital financing for Empire’s initiatives in Canada and the U.S.

Mat Feldman, a Managing Director on Carlyle’s credit opportunities team, said, “We are pleased to partner with Empire, a vertically integrated and best-in-class development company.  Empire has great assets and a phenomenal track record of creating value.” Alex Popov, Head of Carlyle’s credit opportunities fund, said, “Our core strategy is to invest in the growth of strong companies with committed owners. Empire’s talented management team, led by its three co-founders, has a hands-on style that positions the firm for continued success.”

Empire Co-Founder and CEO Daniel Guizzetti, said, “Carlyle has created a unique financing solution that supports Empire’s growth objectives. We see significant opportunity across Canada and the US, and we are now positioned to capitalize on those opportunities having the financial backing of a premier investment firm like Carlyle.”

Founded in 1993, Empire has built more than 10,000 homes and high-rise condos across Southwestern Ontario and the Greater Toronto Area, with more than 20,000 new homes in the pipeline. Empire is committed to sustainable development and works to positively impact the neighborhoods where they build and the communities they create.

Capital for the investment came from Carlyle’s credit opportunities fund. Carlyle’s opportunistic credit team invests primarily in highly-structured and privately negotiated capital solutions supporting corporate borrowers.

Scotia Capital and RBC Capital Markets acted as a financial advisor to Empire Communities, while Goodmans LLP and Borden Ladner Gervais LLP acted as legal counsel to The Carlyle Group and Empire Communities, respectively.

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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents. www.carlyle.com

About Empire Communities

Empire builds vibrant low-rise and high-rise communities across Southwestern Ontario, the GTA and Houston, Texas. Founded in 1993, Empire has built over 10,000 new homes and condos, combining innovative energy-saving features with designs that make luxury living more affordable. Today, Empire is one of the largest homebuilders in Canada, with over 100 awards for their communities, customer service and dedication to green building. www.empirecommunities.com

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Contacts:

The Carlyle Group
Liz Gill
+1-202-729-5385
Elizabeth.gill@carlyle.com

17 MAY 2018, London, UK – Global alternative asset manager The Carlyle Group (NASDAQ: CG) has acquired The Crosspoint building on Liverpool Street in London from Amsprop in an off-market transaction. This investment adds to the Uncommon flexible office and co-working business that Carlyle and the Adir Group launched in June 2017.  Capital for this investment came from investment funds that Carlyle advises.

The building is to be rebranded ‘Uncommon Liverpool Street’, with an opening expected later this year.  The 41,000 sq ft nine-storey office benefits from 360 degree views over the City skyline including two roof terrace gardens. Adjacent to Liverpool Street station, the site offers excellent access to the London underground, mainline railway services and, from 2019, the new Elizabeth Line Crossrail station.

Liverpool Street will be Uncommon’s fourth and largest flexible workplace facility in London, adding 850 workstations to the existing 1500-desk portfolio, which comprises operational assets in Islington and Borough, as well as a 26,000 sq ft facility in Fulham that is scheduled to open this summer.

Carlyle and the Adir team aim to expand Uncommon further across London, targeting locations with strong transport connections. The product aims to take advantage of changing working patterns and mind-sets, as well as occupiers’ increased requirements for flexible space, with high levels of service and a focus on the connection between employee well-being and productivity.

Uncommon’s workplaces are designed to appeal to established companies, small businesses and start-ups capitalising on the need to expand and contract as the size of their operations change.

Peter Stoll, Managing Director at The Carlyle Group, commented: “Crosspoint is a superb addition to Uncommon which will dramatically raise the profile of the business and improve its London footprint. From a property standpoint it is a brand new grade A office building with flexible floorplates, a lot of natural light, some spectacular common areas and terraces which fit perfectly into the exacting requirements for design that defines Uncommon. The incredible connectivity sits comfortably in the context of growing and changing work-life patterns in London.”

Chris Davies, Director at Adir Group said: “It’s a superb asset that matches our exact requirements and adds another flag on the London map for Uncommon. We will create a unique and creative environment, moments from a major transport hub, for our members to work and enjoy, while we support them in every way. We look forward to adding additional freehold sites to the portfolio over the coming months.”

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For further information, please contact:
FTI Consulting – for The Carlyle Group: +44 (0)20 3727 1000
Richard Sunderland / Richard Gotla/Eve Kirmatzis
Carlyle@fticonsulting.com
https://uncommon.co.uk/

Notes to editors

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $201 billion of assets under management across 324 investment vehicles as of March 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,575 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Adir Group

The Adir Group is headed by Gal and Tania Adir, and is focused on disrupting the property and lifestyle sectors with creative innovation. Uncommon is the latest venture in Adir’s development as a creator of inventive brands, continuing their commitment to pioneering the most up-to-date advances in technology and design.

The group originally founded an award-winning residential development company over six years ago which has been successfully acquiring and developing residential assets in prime and near prime London since 2011 ranging between high value single dwellings to multiple unit schemes.

Using their expertise in residential redevelopment and interior design, Adir founded co-working brand Net.Works. in 2014 which was rebranded as Uncommon. Since then, they have developed the first site in Highbury and Islington, which has been operating successfully since April 2015.

Web: www.adirgroup.co.uk

RIO DE JANEIRO – May 15, 2018 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with $25 billion of equity capital under management, announced today the acquisition of Parque Ana Costa, in Santos, São Paulo, Brazil.

Parque Ana Costa is a AAA office building with 17,997 square meters of space, located in Santos, an important coastal city in São Paulo state, 50 miles from the capital (São Paulo). The building was delivered in 2013 and is positioned in Ana Costa Avenue, the main business district in Santos.

Fernando Marques Oliveira, Head of H.I.G. Brazil and Latin America said, “We are very excited to complete this off-market transaction. It reflects our belief that the real estate sector in Brazil is set for a meaningful recovery. As such, H.I.G. is looking forward to committing a significant amount of capital to the sector, building on H.I.G.’s extensive local presence and relationships.”

Daniel Nader, Head of H.I.G. Realty in Brazil added, “It was a good opportunity to acquire a very well built and centrally located asset in Santos’ most desirable business district. The building has performed well in recent years and is the location of choice for foreign multinationals in Santos. Additionally, the Port of Santos is likely to benefit greatly from an economic recovery of Brazil and even more so from a recovery of the Oil & Gas industry.”

Financial terms were not disclosed.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $25 billion of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo, Bogotá and Mexico City, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.