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Carlyle Said to Make 80% Return on Beats With Apple Deal

Carlyle Group LP will earn a return of about 80 percent from its $514 million investment in Beats Electronics LLC with the headphone maker’s sale to Apple Inc., a person with knowledge of the matter said.

Carlyle, the world’s second-largest manager of alternative assets such as private equity and property, paid $501 million in October for a 31 percent stake in Beats, according to a quarterly report to clients, a copy of which was obtained by Bloomberg News. The Washington-based firm also invested $13 million for a 5 percent interest in Beats Music, the company’s nascent subscription music-streaming service, the report shows.