Thursday, April 21, 2011

Carlyle Sets Sights on Malaysian Bank: RHB Capital

Reuters reported:

Carlyle Group and TPG Capital are in talks to launch a joint bid for a $1.5 billion stake in Malaysian lender RHB Capital, three sources with direct knowledge of the matter told Reuters on Thursday.

Abu Dhabi Commercial Bank owns the stake and has hired Goldman Sachs and Bank of America-Merrill Lynch to run the auction.
Under-capitalized Abu Dhabi Commerical Bank will sell its 25% stake in RHB.  Originally ADCB approached banks, but private equity underwriters (PEU's) got involved. 

How might PEU's impact Malaysia, which suffered a currency crisis and property crash in the late 1990's.   PEU's bloodied their nails during America's financial implosion in 2008.  Where will Malaysia and Carlyle be in 2018?  Bubbly...