Analysts Say Carlyle Will Have Difficult Time with Its Planned IPO
(Reuters) - The Carlyle Group filed on Tuesday for an initial public offering of its common units as it looks to join rivals Blackstone and KKR as listed private equity firms, but the filing comes amid deep uncertainty on global equity markets. The U.S. IPO market has struggled as concerns about Europe's debt crisis and a weak recovery in the United States have made markets volatile. A number of deals were withdrawn last month. "If Carlyle files in this time frame, in basically a market meltdown, something doesn't seem right," said Scott Sweet, senior managing partner at IPO Boutique. Given the market conditions and the poor performance of other listed private equity players like Blackstone Group and Apollo Global Management ...
6 September 2011•2 mins read
