Saturday, April 28, 2012

Carlyle's Gemcom Exit

The Carlyle Group will liquefy their stake in Gemcom, a mining software company.  .Carlyle was part of a consortium that took Gemcom private in June 2008. as PEU "Deal Frenzy" stood near collapse.  Carlyle and partners purchased Gemcom in a deal valued at $190 million.  They're monetizing for a near double under a $360 million deal.

Carlyle is normally silent on proceeds from private sales.  Why share what appears to be a $170 million profit now?  It's IPO time!

I wonder how Brooke and Garth made out on the deal...