Wednesday, December 25, 2013

Bright Christmas for Carlyle Group

WSJ reported on Carlyle's Merry Christmas:

Amid a slow-down in the private equity investment pace in one of Europe’s fastest growing economies, Carlyle Group has eked out an exit for a Turkish hospital chain it backed in 2009.  The firm agreed to sell a 40% stake in Medical Park

The Medical Park sale tops a month full of international exits for Carlyle Group, coming a week after the surprisingly lively Hong Kong debut of Fu Shou Yuan International Group, an operator of funeral facilities and cemeteries.

It also follows the initial public offering in Milan of Moncler SpA, the upscale coat maker backed by Carlyle and Eurazeo, and a tender sale of Chimney Co., a Japanese pub-restaurant operator, which relisted on the Tokyo Stock Exchange last year.
Carlyle had a number of Santa's over the years, ranging from Texas Governor Rick Perry to FDIC Chair Sheila Bair.  Here's hoping your Christmas is as profitable as Carlyle's!