Abu Dhabi’s Mubadala humbled in Carlyle IPO
Alternative asset management firm Carlyle’s IPO filing, exposes Mubadala’s rocky involvement with the US company. At least the Abu Dhabi company will walk away with M&A expertise, says Una Galani.
September 7, 2011 3:12 by Reuters
…stake in Carlyle for a period of between 12 and 24 months following the IPO and cannot own more than 19.9 percent of the business.
— Mubadala had received $19 million interest from the bond as of the six months ended June 2011.
— Carlyle SEC filing: http://www.sec.gov/Archives/edgar/data/1527166/000095012311082561/w83442sv1.htm
Una Galani is a Reuters Breakingviews columnist. The opinions expressed are her own.
(Editing by Pierre Briançon and David Evans)
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