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.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.
Abu Dhabi Commercial Bank owns the stake and has hired Goldman Sachs and Bank of America-Merrill Lynch to run the auction.
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...
