Wednesday, 10 February 2016
Last updated 16 hours 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.