China Daily reported a Carlyle affiliate may soon offer shares on the Shanghai exchange. China Pacific Life received an influx of cash in late 2005 for a 25% share of the company. Less than two years later, Carlyle's $410 million looks to be worth some $4 billion at the prices mentioned in the public offering.
A tenfold return in less than two years? Now that's impressive. That must be why David Rubenstein said there is nothing more important to his private equity firm than China...
Update 1-11-13: Carlyle cashed out completely, taking in proceeds of $5.2 billion on China Pacitic.
A tenfold return in less than two years? Now that's impressive. That must be why David Rubenstein said there is nothing more important to his private equity firm than China...
Update 1-11-13: Carlyle cashed out completely, taking in proceeds of $5.2 billion on China Pacitic.
