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Carlyle CEO Rubenstein Says Brexit Won’t Cause ‘Calamity’

  • CEO says decision to leave EU will cause slowdown, affect M&A
  • Rubenstein predicts vote won’t affect Carlyle’s business
Bloomberg business news

Rubenstein: Unlikely That Britain Will Actually Exit

David Rubenstein, co-founder of Carlyle Group LP, said Britain’s vote to exit from the European Union will depress U.K. economic growth and mergers and acquisitions activity, but won’t have disastrous effects.

“The U.K. economy will slow, but it won’t be a calamity,” Rubenstein, who’s also the co-chief executive officer of Carlyle, said Wednesday in an interview with Bloomberg Television’s Erik Schatzker.