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America’s Manufacturing Revival

Private Equity
by trusted insight posted 5years ago 487 views
Brian Bernasek of The Carlyle Group for Privcap TV The US manufacturing sector is being transformed and The Carlyle Group has placed some very large bets that revival will continue in a big way. In a fascinating interview with Privcap, Brian Bernasek, a Managing Director in the industrial group of Carlyle’s US buyout practice, describes drivers of change in the US energy market and Chinese labor market. Bernasek also worked on two of 2012’s largest deals – the $4.9 billion acquisition of DuPont’s Performance Coatings business (renamed Axalta) and the $3.46 billion buyout of Hamilton Sundstrand. He describes the thesis behind these deals as well as their financings. The interview concludes with Bernasek’s predictions for the 2013 deal market.