Deals
Carlyle’s Rubenstein Says Asia Still Offers Investment Bargains
- Co-CEO of PE giant says Asia valuations 20% lower than U.S.
- Firm focusing on China, India, Rubenstein tells Bloomberg TV
Carlyle's Rubenstein Says More Focused on China, India
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Asia still offers up cheap investment options, Carlyle Group’s Co-Chief Executive Officer David Rubenstein said, even as concerns build over increasing competition for buyout deals from sovereign wealth funds and other investors.
Valuations of Asian companies are a fifth lower than assets in the U.S., Rubenstein said in an interview Friday with Bloomberg Television’s Betty Liu from Hong Kong. The firm is focused on China and India, he said, adding that Japan is “very important for us.”