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Carlyle Said to Interview Banks in Preparation for IPO
June 15 (Bloomberg) -- Carlyle Group is interviewing banks this week in preparation for an initial public offering, according to a person with knowledge of the matter.
Carlyle, based in Washington, may raise about $1 billion in the offering, said the person, asking not to be identified because the plans are private.
The firm aims to take advantage of more stable stock markets to join U.S.-listed rivals Blackstone Group LP, KKR & Co., and Apollo Global Management LLC. Blackstone, the world’s largest private-equity firm, has gained about 18 percent this year in New York trading and KKR has risen 9 percent. Apollo has declined 15 percent since its March 29 offering.
William Conway, who founded Carlyle in 1987 with David Rubenstein and Daniel D’Aniello, said in December the company is gearing up for a public share sale to amass permanent capital and contend with the growing challenge of raising money for buyout funds.
CNBC reported earlier today that Carlyle is talking with banks. A Carlyle spokesman couldn’t immediately be reached for comment.
Carlyle Said to Interview Banks in Preparation for IPO
June 15 (Bloomberg) -- Carlyle Group is interviewing banks this week in preparation for an initial public offering, according to a person with knowledge of the matter.
Carlyle, based in Washington, may raise about $1 billion in the offering, said the person, asking not to be identified because the plans are private.
The firm aims to take advantage of more stable stock markets to join U.S.-listed rivals Blackstone Group LP, KKR & Co., and Apollo Global Management LLC. Blackstone, the world’s largest private-equity firm, has gained about 18 percent this year in New York trading and KKR has risen 9 percent. Apollo has declined 15 percent since its March 29 offering.
William Conway, who founded Carlyle in 1987 with David Rubenstein and Daniel D’Aniello, said in December the company is gearing up for a public share sale to amass permanent capital and contend with the growing challenge of raising money for buyout funds.
CNBC reported earlier today that Carlyle is talking with banks. A Carlyle spokesman couldn’t immediately be reached for comment.
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