Friday, June 17, 2011

Carlyle Goes with JPMorgan, Citi & Credit Suisse

DealBook reported:

As it prepares to go public, the Carlyle Group has picked three banks — JPMorgan Chase, Citigroup and Credit Suisse — to lead its pending initial public offering

Did Goldman's Lloyd Blankfein cry over losing this chunk of God's work? I can't wait to read Carlyle's S-1, especially the lawsuits section.  It should be full of drama and intrigue.  I wonder if underwriters will offer a disclaimer on future management fees or length of time the DBD's, Carlyle founders, may hang around.  .