Bloomberg News

Carlyle Top Executives Hit the Road to Pitch Shares to Investors

April 17, 2012

Carlyle Group LP (CG:US)’s founders are set to travel from Montreal to Milan in a 14-day world tour to pitch potential investors on the firm’s initial public offering in early May.

William Conway, Daniel D’Aniello and David Rubenstein are each leading teams of Carlyle’s top executives beginning today, according to a copy of the roadshow schedule obtained by Bloomberg News. Adena Friedman, the firm’s chief financial officer, and Glenn Youngkin, the chief operating officer, will also be on the road trying to convince investors they have built a diversified asset manager.

“By many measures, we are the largest and most diversified alternative asset manager in the world with 1,300 professionals in 33 offices on six continents,” D’Aniello said in a video of its pre-IPO marketing presentation posted on RetailRoadShow.com. “We live and invest in both developed and developing markets and, in both, local market presence really matters.”

Carlyle, the world’s second-biggest buyout firm by assets under management, is seeking to raise as much as $762.5 million, offering 30.5 million shares at $23 to $25 each, according to a regulatory filing. At the top end of the range, the firm would be valued at as much as $7.6 billion, compared with about $16.5 billion for Blackstone Group LP (BX:US), the biggest private-equity firm, and $9.8 billion for KKR & Co. (KKR:US)

Over the weekend, the teams will stop in the Middle East for meetings in Abu Dhabi, Dubai and Kuwait. Other stops on the roadshow will include Beijing, Paris and Stockholm.

Randall Whitestone, a spokesman for Washington-based Carlyle, declined to comment on the roadshow. Carlyle is scheduled to price its IPO on May 2, according to data compiled by Bloomberg.

To contact the reporters on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net; Saijel Kishan in New York at skishan@bloomberg.net

To contact the editors responsible for this story: Jennifer Sondag at jsondag@bloomberg.net; Christian Baumgaertel at cbaumgaertel@bloomberg.net


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Companies Mentioned

  • CG
    (Carlyle Group LP/The)
    • $32.14 USD
    • -0.68
    • -2.12%
  • BX
    (Blackstone Group LP/The)
    • $32.42 USD
    • -0.33
    • -1.02%
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