Sunday, February 17, 2013

Carlyle's Broadleaf IPO

Reuters reported:

CARLYLE GROUP is launching an initial public offering for automotive industry systems supplier Broadleaf of as much as 23.3 billion yen ($248.37 million), IFR reported. Carlyle-related funds will offload 16.48 million shares to raise 17.8 billion yen.

Carlyle bought Broadleaf in 2009 for 19.5 billion yen.  It looks like Carlyle and its related funds will take in 39.78 billion yen.  That's nearly a double.