Carlyle’s Rubenstein Says Many Large LBOs Don’t Succeed

David Rubenstein, co-chief executive officer of Carlyle Group LP, said a leveraged buyout of the size being considered for computer maker Dell Inc. is hard to make profitable and the track record of such deals isn’t good.

“Large buyouts might work, but this history of buyouts with $20 billion or more price tags has not been filled with a lot of success,” Rubenstein said today in an interview with Bloomberg Television’s Erik Schatzker at the World Economic Forum in Davos, Switzerland. “You’ve got to work very hard to make those deals work, and good luck to them if they pull it off.”