The Carlyle Group acquired Vermillion Asset Management for $50M cash + up to $168.9M contingent (55%), a transaction completed in October 2012, structured as 55% majority stake; cash plus contingent units and contingent cash.
Vermillion Asset Management operates in Global Market Strategies (commodities), is based in New York, New York, USA. Carlyle purchased a 55% stake in Vermillion Asset Management, a New York commodities investment manager with roughly $2.2 billion of assets under management, making it Carlyle's dedicated commodities trading platform. Vermillion's co-chief investment officers continued to run the funds and day-to-day operations after the deal. The stake became effective October 1, 2012.
Establish an exclusive commodities investment platform within Carlyle's global market strategies segment.
Advisory firms were not disclosed for this transaction.