Sunday, June 10, 2012

Carlyle & Co. Liquefy Kinder Morgan

The Carlyle Group will liquefy a portion of its stake in Kinder Morgan.  Carlyle, Goldman Sachs and Carlyle/Riverstone will sell 63 million shares on Monday, June 11.  Proceeds of $2 billion are expected. 

It's not clear how much in total proceeds Carlyle will get, but it will be between $400 and $835 million.  Add Carlyle's Triumph offering on Tuesday and it could be a billion dollar week.  That should boost Carlyle's economic net income for Q2.