Monday, June 28, 2010

Carlyle Group's Distribution Payday

Carlyle Group affiliate Insight Communications will sell $400 million in debt. Three quarters or $300 million will be distributed to capital stockholders. Distribution = special dividend.

Carlyle's Booz Allen Hamilton enacted a similar strategy, before declaring a public offering. KKR milked HCA for $2.25 billion prior to their IPO.

The money spew is on for private equity underwriters (PEU's). Congress ensured the PEU regulatory/tax slate is clear and clean. The White House works to make that a global phenomena.