Monday, April 11, 2011

Carlyle Group Goes for Third Saudi Deal

Arab News reported:

US private equity firm Carlyle Group expects to complete a deal in Saudi Arabia by the end of the year, a senior executive said. He did not reveal details on the investment amount or the company the private equity firm was looking to invest in.

“We are still enthusiastic about investing in the GCC and hope to close a deal in Saudi Arabia before the end of the year,” Firas Nasir, managing director for Carlyle and the executive in charge of the firm’s Dubai office, said on the sidelines of a conference in Dubai.
While Arab News wasn't looking, Carlyle increased its assets under management to $106.7 billion and sold more equity to Mubadala Development Co, which now holds 9.35% of Carlyle.  How will new Arab affiliates participate in Carlyle's potential IPO?  Maybe, Arab News can find that answer.