initial public offerings (IPOs) trading on American exchanges

Sunday, September 11, 2011

Carlyle files for a $100 mln IPO

Global private equity firm Caryle has filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of its common units.

The announcement ends a long period of speculation as to when the firm would join other publicly listed private equity investors such as Blackstone and KKR.

Carlyle said it intends to use the proceeds to repay debt and for general corporate purposes, growth initiatives, acquisitions and strategic investments. It will also be used to fund capital commitments associated with its various investment vehicles.

The number of common units to be offered and the price range for the offering have yet to be determined, the firm said, but is thought to be around $100m. JP Morgan Securities, Citigroup Global Markets and Credit Suisse Securities will serve as joint book-running managers for the offering.

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