Carlyle Soon To Be Worth Over $7 Billion After IPO (CG)

Carlyle is already one of the top and largest private equity firms in the world.  Now it is set to be valued somewhere around $7.6 billion if its pricing goes off around the current targets.  An amended filing shows that the private equity shop plans to sell some 30.5 million units in a range of $23 to $25 per unit in an offering that would raise close to $760 million.

Carlyle has a huge underwriting group and the book-runners are listed as J.P. Morgan, Citigroup, and Credit Suisse.  Other underwriters listed on the tombstone are as follows: BofA Merrill Lynch; Barclays; Deutsche Bank Securities; Goldman Sachs; Morgan Stanley; UBS; ICBC International; Sandler O’Neill; Keefe Bruyette & Woods; CIBC; Itaú BBA; Nomura; Ramirez & Co.; Scotiabank; Societe Generale; The Williams Capital Group; Mizuho Securities; and SMBC Nikko.

This private equity leader managed roughly $147 billion in total assets as of the end of 2011 when the four business segments of corporate private equity, real assets, global market strategies, and funds of funds are included.  The company established the Fund of Funds Solutions segment on July 1, 2011 when it completed the acquisition of a 60% equity interest in AlpInvest.

This was one of our own Top 17 IPOs to Watch in 2012 and the firm will trade under the stock ticker “CG” on NASDAQ.

JON C. OGG