Thursday, June 5, 2008

Carlyle to Manufacture Cash in More Ways than One

The London Telegraph noted The Carlyle Group to be the leading bidder for De La Rue's cash systems business, the largest printer of banknotes in the world. As the leading private equity underwriter, Carlyle already had a reputation for printing cash for its investors given those 25-30% annual returns. They could soon be paid by governments for the honor of printing more. That's your tax money at work. Uncle Sam sure enjoys spending it on Carlyle's wide array of products and services. Each affiliate has its unique imprint.