Thursday, 8 October 2015
Last updated 8 min ago
Aug 17 2011 | 12:51am ET
The rivalry between the Carlyle Group and the Blackstone Group has moved into a new arena: corporate valuation.
The former has held private meetings with analysts in an effort to convince them that Carlyle should be valued at least as much as Blackstone. Carlyle is planning a $1 billion initial public offering later this year; Blackstone raised $4.75 billion when it went public four years ago.
Carlyle is pointing to its steadier earnings, Bloomberg News reports, arguing that they will produce a more predictable dividend.
Washington, D.C.-based Carlyle manages more than $150 billion.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…