Monday, 26 January 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…