Carlyle Group Sells Stake to Abu Dhabi

Private-equity firm the Carlyle Group said Thursday it sold a 7.5 percent stake in its management operations for $1.35 billion to an investment arm of the government of Abu Dhabi, setting up a potential initial public offering.

The sale price represents a 10 percent discount, based on the Carlyle Group's $20 billion valuation. Mubadala, one of two investment arms of the Abu Dhabi government, received a nonvoting stake in the company for the $1.35 billion purchase. Mubadala also committed $500 million to an investment fund managed by Carlyle as part of the deal.

It is the first investment in a private-equity firm for Mubadala, a Carlyle spokesman said.

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- Posted: 2007-09-20 10:06:21

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