Carlyle Group Selling 7.5 Percent Stake to Abu Dhabi

[mahatmakanejeeves]

Source: Washington Post, Reuters, others

Carlyle Selling Stake to Abu Dhabi

By Thomas Heath and Howard Schneider
Washington Post Staff Writers
Thursday, September 20, 2007; 11:18 AM

The Carlyle Group, the District's private-equity giant, announced that it is selling a 7.5 percent share of its general partnership to an investment group owned by the government of Abu Dhabi -- one of a flurry of deals today involving Arab governments and U.S. and British financial assets.

The $1.35 billion sale to the Mubadala Development Co. marks the second time Carlyle has brought an outside owner into its highly profitable fold. The purchase price values Carlyle, a high-profile equity player with longstanding ties to the Middle East, at roughly $20 billion, less a 10 percent discount for the new partners. That is more than six times what Carlyle was valued when the California public pension system purchased about 5 percent of the company in 2000.
....

The deal is the latest in a series of transactions reshaping the private equity world, including the Chinese government's recent $3 billion investment in the Blackstone Group, and Blackstone's subsequent issuing of public stock.
....

The Carlyle deal comes on the same day that the governments of two other Arab states, Dubai and Qatar, announced they are buying large shares of the Nasdaq and London Stock exchanges -- recycling the cash from recent high oil prices into strategic global investments.

Read more: http://www.washingtonpost.com/wp-dyn/content/article/2007/09/20/AR2007092000451.html

[aquart]

1. How far above sea level are they?

[Ilsa]

7. Just thinking about that makes me want to run my husband's gas mower,

speed his truck around the block for no good reason, and burn shit for the hell of it.

[Megahurtz]

2. More Creepy Stuff

ala Poppy.

[Baby Snooks]

3. Eishenhower's Warning

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist."

http://coursesa.matrix.msu.edu/~hst306/documents/indust.html

[rurallib]

5. BTW Ike wanted to add "academic" to the complex but

was persuaded not to. Based on what is happening in academia these days looks like he was right.

[madrchsod]

4. word on the streeet is that carlyle is going public

we will see

[badgervan]

6. the bush family...

.... used to be heavily involved with this Carlyle Group, especially the Decider's poppy, george senior. Wonder if they still are, and if junior has any well hidden assets with these oil/profit/defense conglomerates? cheney and rummy, condi and
Now wouldn't that be interesting: the prez, his family and his loyalists maybe profiting by a long occupation ( sorry - "surge" ) in that part of the globe where mucho liquid gold happens to be. Nothing like integrity of "leadership", right? How anyone can believe a word that comes out of this pathetic, arrogant, petty, truly small little man's crumb-spewing mouth is just beyond me.

[heliarc]

8. So was the bin Ladin Family... go figure. nt

[Solly Mack]

9. ...

k/r