Carlyle Says Implied Value Dropped to $9.4 Billion Last Year
Carlyle Group LP (CG) said it had an implied enterprise value of about $9.4 billion at the end of 2011, down from $10 billion at the end of 2010.
The amounts were based on fair value estimates of equity interests tied to Carlyle’s 2010 purchase of a majority stake in hedge fund manager Claren Road Asset Management LLC, according to a regulatory filing today.
To contact the reporter on this story: Lee Spears in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Jennifer Sondag at email@example.com