Carlyle Announces Secondary Offering of Common Units
June 03 2013 - 4:10PM
Business Wire
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:
CG) today announced that it has filed a registration statement with
the Securities and Exchange Commission for an underwritten public
offering of 11,062,133 common units to be sold by CalPERS. CalPERS
has granted the underwriters a 30-day option to purchase up to an
additional 1,659,319 common units. The sale by CalPERS of the
offered common units and the common units subject to the
underwriters’ option would represent the complete disposition by
CalPERS of its 2001 investment in Carlyle. Carlyle will not receive
any proceeds from the offering. CalPERS will receive all proceeds
of the offering.
CalPERS has been a substantial investor in Carlyle funds since
1996 and added an investment in the Carlyle General Partner in
2001. After the sale of the common units, Carlyle will continue to
manage a significant amount of limited partnership investments for
CalPERS.
In connection with the offering, Carlyle and its directors and
executive officers (including its founders), Mubadala and CalPERS
have each agreed to enter into a customary lock-up agreement with
the underwriters for the offering.
Citigroup, Credit Suisse and J.P. Morgan will serve as the
book-running managers for this offering. When available, copies of
the preliminary prospectus relating to the offering may be obtained
from Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146
or emailing a request to batprospectusdept@citi.com; Credit Suisse,
Attention: Credit Suisse Prospectus Department, One Madison Avenue,
New York, NY 10010, or by telephone at 1-800-221-1037; and J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, or by telephone at
1-866-803-9204.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The Carlyle Group L.P.Media Contact:Liz Gill,
+1-202-729-5385elizabeth.gill@carlyle.comorInvestor
Contact:Daniel Harris,
+1-212-813-4527daniel.harris@carlyle.com
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