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Carlyle is latest PE firm to list
Source: Agencies |
September 7, 2011, Wednesday
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CARLYLE Group yesterday filed for a US$100 million offering for its common units, making it the latest private equity group to list on public markets.
In June, it was reported that Carlyle was moving closer to an initial public offering and could raise about US$1 billion.
Carlyle was valued at US$20 billion in September 2007, when an investment unit of the Abu Dhabi government bought a 7.5 percent stake, before the credit crisis sent stock markets sliding.
Carlyle will join rivals Blackstone Group LP, Kohlberg Kravis Roberts & Co and Apollo Global Management as publicly traded private equity firms.
Washington-based Carlyle told the United States Securities and Exchange Commission in a preliminary prospectus that JPMorgan, Citigroup and Credit Suisse are underwriting the IPO.
Carlyle, co-founded in 1987 by David Rubenstein, said it generated economic net income, a measure of profitability used by PE firms, of more than US$1 billion in 2010 and about US$770 million in the first six months of this year.
In June, it was reported that Carlyle was moving closer to an initial public offering and could raise about US$1 billion.
Carlyle was valued at US$20 billion in September 2007, when an investment unit of the Abu Dhabi government bought a 7.5 percent stake, before the credit crisis sent stock markets sliding.
Carlyle will join rivals Blackstone Group LP, Kohlberg Kravis Roberts & Co and Apollo Global Management as publicly traded private equity firms.
Washington-based Carlyle told the United States Securities and Exchange Commission in a preliminary prospectus that JPMorgan, Citigroup and Credit Suisse are underwriting the IPO.
Carlyle, co-founded in 1987 by David Rubenstein, said it generated economic net income, a measure of profitability used by PE firms, of more than US$1 billion in 2010 and about US$770 million in the first six months of this year.
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