Carlyle Sells 7.5% Stake To Mid-East Investment Co.

Sep 24 2007 | 11:13am ET

Private equity giant The Carlyle Group has sold a 7.5% stake to an affiliate of Mubadala Development Co. for $1.35 billion in cash. Mubadala’s minority investment includes no voting rights and is subject to value-related protective rights.

The deal is expected to close in October. Goldman Sachs advised Mubadala on the transaction, and Citigroup Global Markets Carlyle.

Mubadala, which also committed $500 million to an investment fund managed by Carlyle, joins the California Public Employees’ Retirement System as a strategic investor in Carlyle. CalPERS purchased a 5.5% stake in 2000.

“We feel this is an affirmation of the global business model we have created and a reflection of Carlyle’s 20-year record of top-quartile returns,” said Carlyle co-founder David Rubenstein. “These resources, like the earlier investment by CalPERS, will add to Carlyle’s capital base, strategically expand our business and be used for additional investments.”

Carlyle has 900 employees operating in 21 countries managing $76 billion committed to 55 funds.

Mubadala Development Company is a strategic investment and development company headquartered in Abu Dhabi.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…