My, my, my. Publicly Traded Private Equity Firms. Chuckle, chuckle, chuckle. I think that is called an oxymoron, right?

They want to do more of what they already do.

Yep.

THEY are running out of liquid assets.  Their CASH is going back the other way under this administration.  Gee, why do I miss George W. Bush so much?

The Carlyle Group reveals (little about) IPO plans (click here)

Posted by Cardiff Garcia

 Sep 06 15:05

It took long enough for David Rubenstein’s firm to formally declare its intention of joining Blackstone, KKR and Apollo as a publicly traded PE firm, but we’ll have to wait a little longer to get any meaningful details.
Carlyle Group has filed an S-1 with the SEC, and according to the press release the proceeds will be used to “repay indebtedness and for general corporate purposes, including general operational needs, growth initiatives, acquisitions and strategic investments and to fund capital commitments to, and other investments in and alongside of, its funds.”
In other words, it’s going public so it can to do but more of it what it already does. The $100m amount is just a filler; it will be changed later. We also don’t know offering terms (price, number of units), which means we have little guidance on the company’s expected public market value....


So, in determining to REMAIN 'viable' Carlyle is mortgaging every asset available.  Barclays, Morgan Stanley and Deutsche Bank have to get in on this in order to have enough clout to back an IPO?  Really?  All the biggies from 2008.  How great is that, huh?  I wonder why I prefer GM to have its own equity and maintain sanity in its use rather than investing in empty opportunities?  Go figure.  I must be crazy worried about the USA economy again.

Thu Mar 8, 2012 11:57pm EST

(Reuters) - Private equity company Carlyle Group CYL.UL,(click title to entry - thank you) which filed for an IPO last September, has added banks including Barclays Plc (BARC.L), Morgan Stanley (MS.N) and Deutsche Bank AG (DBKGn.DE) to help with the sale, Bloomberg said, citing people familiar with the matter.

Bank of America Corp (BAC.N) and UBS AG (UBSN.VX) would also work on the offering, Bloomberg quoted the unidentified sources as saying.

Carlyle Group has filed for an initial public offering with the U.S. Securities and Exchange Commission to raise up to $100 million, with JPMorgan, Citigroup and Credit Suisse as its underwriters....


Hm.  And no major wars on the horizon, either.  Gee, I guess 'the people' of the world are finally having their way!  What was the word?  Hm.....oh, yeah, peasants.  It looks as though the peasants revolt is taking hold.


IPOs for private equity firms.  Hey, good luck with that!  


Hey!  GM!  Show me the money !!!!!!!!!!!!!!