April 10, 2012 / 11:25 PM / 7 years ago

Carlyle to sell 10 percent stake in IPO: source

NEW YORK (Reuters) - Carlyle Group LP, the private equity firm with $147 billion in assets under management, is planning to sell a 10 percent stake in its upcoming initial public offering, a source familiar with the matter said on Tuesday.

The firm, which is set to start road shows for its IPO shortly, first hinted at the size of the sale in a regulatory filing earlier this month. It is looking for a valuation of between $7.5 billion and $8 billion, the source said.

A Carlyle spokesman declined to comment.

Reporting by Greg Roumeliotis in New York; Editing by Gary Hill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below