The Carlyle Group will sell Offshore Incorporations, a Hong Kong based company. WSJ reported:
Established in 1986, the Offshore Incorporations Group sets up off-shore companies registered in jurisdictions of Anguilla, Bahamas, British Virgin Islands, Cayman Islands, Delaware, Hong Kong, Mauritius, Samoa, Seychelles and Singapore, according to its web site.Carlyle's co-founders have a Cayman Islands fund, where they park their massive profits. Given all of Carlyle's cash-in's, DBD Cayman and DBD Investors V should be grossly obese. However, it takes time for financial turkey to work through the digestive process.
(Link to dollar-turkey art)
