Wednesday, Apr 11, 2012
By Gregory Zuckerman and Alison Tudor
Of THE WALL STREET JOURNAL
A road show will start as early as next week for the initial public offering of Carlyle Group that will value the private-equity firm at between $7.5 billion and $8 billion, according to a person familiar with the matter.
Carlyle filed documents to the Securities and Exchange Commission earlier this month to sell a 10% stake. It is likely to generate as much as $800 million in proceeds, according to the person. The company's performance-fee generating funds climbed about 9% in the first quarter of this year, with energy funds leading with a 14% rally, according to a securities filing on Tuesday.
The firm's filing on April 2 said that the information in the filing assumes existing owners will own approximately 90% of Carlyle Holdings I L.P., the major fee-generating entity in the group.
-By Gregory Zuckerman and Alison Tudor, The Wall Street Journal; Gregory.Zuckerman@wsj.com and Alison.Tudor@wsj.com
(END) Dow Jones Newswires
11-04-12 0720GMT
