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Saturday, April 14, 2012

carlyle group ipo files prospectus

carlyle group ipo files prospectus : Private equity company Carlyle Group filed for an IPO on Tuesday, a long-awaited move to catch up with rivals Blackstone, KKR and Apollo, but the volatility of global markets means an offering is unlikely until the first half of 2012. The IPO will put Carlyle, famous for its Washington connections, under even more public scrutiny as it fulfills a long-time desire to become a publicly traded global brand.

Carlyle Group is expected to launch its IPO as early as next week, according to market sources, coinciding with a step-up in deal size across the US IPO market.

The private equity firm, which first filed for an IPO in September, is widely expected to seek to raise around $1 billion, though to date it has only filed for a "placeholder" raising of $100 million.

In an amended prospectus filed on Tuesday, Carlyle wrote that the overall value of its private equity funds grew about 9 percent in the first quarter of this year. Its corporate buyout funds rose about 8 percent, while its real assets vehicles, which include real estate and energy investments, increased 11 percent. Read full Carlyle Group prospectus

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