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LeighAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 09:43 AM
Original message
Carlyle Group Files SEC Documents so It Can Go Public
Edited on Tue Sep-06-11 09:48 AM by LeighAnn
Source: Washington Post

Carlyle Group filed documents with federal regulators to take itself public, peeling away the cover on the inner financial workings at the intensely private investment giant for the first time.

The District-based powerhouse, which manages approximately $150 billion in assets, filed a 400-page document with the U.S. Securities & Exchange Commission in preparation for a $100 million initial public offering.

The document does not say where the company will sell its shares or when. But Tuesday’s filing puts the process for selling stock in motion. The initial offering could be at least six months away, or more, and could take place in far different economic conditions.

<snip>

Carlyle has been on a roll this year, returning billions to investors, buying and selling companies, taking public such companies as the parent of Dunkin’ Donuts and consulting firm Booz Allen Hamilton.


Read more: http://www.washingtonpost.com/business/economy/carlyle-group-files-documents-with-sec-to-go-public/2011/09/06/gIQAFGLR6J_story.html?hpid=z4



Celebrating the ten year anniversary of the day their Senior Advisors, Bush/James Baker/Carlucci, watched the 9/11 attacks with their investors, the Bin Ladens, by offering to take everybody's money before they go under..
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Roland99 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 09:49 AM
Response to Original message
1. hmm....very interesting.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 09:49 AM
Response to Original message
2. If you can't beat disaster capitalism,
join it!

Pretty catchy sales slogan, I think.
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Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 10:16 AM
Response to Original message
3. Very interesting comments at the bottom of that article.
My first thought was they were trying to unload their debt, so I was glad to see I wasn't the only one. However, I learned something new...I didn't know about the meeting of that group on 9/11. Kind of reminds me of the rumors about Daddy being in Dallas.

We need to put a leash on some of these guys so we can keep track of where they're going and where they've been. Maybe a GPS tracker or some such. Band them like we do birds...put a locater around their necks. Just thinkin'!
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LeighAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 11:23 AM
Response to Reply #3
4. Meet The Carlyle Group
A lot of people don't realize that The Carlyle Group is how the Bush family was able to personally cash in on the (never-ending) War on Terror from Day 1

http://www.hereinreality.com/carlyle.html
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Festivito Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 11:43 AM
Response to Reply #4
6. Bush Sr. somewhat quietly cashed out years ago -- to an undisclosed location for his money. /nt
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Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 01:14 PM
Response to Reply #4
7. Thanks for all that info. I'll read it tonight when I don't have interruptions. EOM
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 01:33 PM
Response to Reply #4
9. ...and the bin Ladens.
Money.
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LeighAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 11:38 AM
Response to Reply #3
5. Carlyle Group Watched 9/11 Attacks with Bin Laden Family
And yes, the Iran-Contra boys of The Carlyle Group just happened to be having some sort of shareholder conference at the Washington, D. C. Ritz on September 11, 2001, complete with members of the Bin Laden family (Carlyle investors).

My, what a coincidence!

http://web.archive.org/web/20030607113821/http://redherring.com/vc/2002/0111/947.html
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Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 01:15 PM
Response to Reply #5
8. Thank you for that info. I'll absorb it tonight when I have time to read it all.
I wonder if it might have been a money laundering group, as well?
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LeighAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 03:26 PM
Response to Reply #8
10. Here's a documenary you can watch
... on YouTube

http://www.youtube.com/watch?v=YZ6Gw_r3hB0 << part one of "The Carlyle Group Exposed"
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Frustratedlady Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 05:45 PM
Response to Reply #10
11. Thanks, again!
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LeighAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-06-11 11:42 PM
Response to Original message
12. Meanwhile, at Dunkin' Donuts...
This has got me taking a fresh look at The Carlyle Group... for some reason Dunkin' Donuts came to mind. Carlyle bought Dunkin' Donuts in 2006

http://www.carlyle.com/Portfolio/item7440.html << (this is current)


And here's some Dunkin' Donuts news that just came out today:

http://www.boston.com/business/markets/articles/2011/09/07/bank_rates_dunkin_donuts_a_sell/

Dunkin’ Brands Group was initiated with a "sell" rating by Goldman Sachs Group, one of the banks that managed the coffee and doughnut chain’s initial public offering in July.

<snip>

Weak consumer sentiment may curb Dunkin’s sales, “despite a boost" from the introduction of single-serve K-Cups, Michael Kelter, a Goldman Sachs analyst wrote in a note yesterday. Dunkin’s US business is "highly macro-sensitive against an uncertain economic backdrop," he said.

<end excerpt>

Here's where Dunkin' Donuts was when Carlyle bought it

http://www.usnews.com/usnews/biztech/articles/061126/4equity.b.htm

Unlike some buyout targets, Dunkin' was not a troubled company with assets that could be readily carved up and sold. It didn't come cheap, either-the purchase price reflected an expectation of considerable future growth. What lured the buyers was a strong management team, a predictable flow of revenue from franchise fees, and bright growth prospects beyond Dunkin's home turf in the eastern United States, where most of its 7,100 worldwide stores are clustered. "If one thing sums up the opportunity," D'Aniello explains, "it's that 80 percent of our revenue comes from the geography between Boston and D.C."


Just another American institution they've tanked.

Watch all your right-wing acquaintances get in line to buy the new Carlyle stock, though!
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UTUSN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-07-11 10:48 AM
Response to Original message
13. I always remind that one of Jimmy CARTER's staff was co-founder of Carlyle: David RUBENSTEIN
Jimmy brought us a few not-so-great things: James CADDELL, the a-hole credited with CARTER's win, who has never had a winning candidate ever since, including the New Coke fiasco, who claims to be a Dem yet I've never heard him say anything positive about any Dem and of course he's been on Faux for a decade or more. Then there's Tweety, whose sins against us Dems and love of RAYGUN-Mc5planes-Shrub are exceptionally well documented here at DU. So then there's this David RUBENSTEIN, who seems not to be that bad a character by his charities noted below, and that he is who fired Shrub from the legacy spot on the Carlyle board for contributing nothing to the business and just telling dirty jokes at Board meetings. And Jimmy himself is who wiped away JFK's sharp separation of church-State by bringing Fundamentalist Xtianity into the White House.


**********FROM WIKI**********

Personal life

Rubenstein is among the group of American billionaires who have pledged to donate more than half of their wealth to philanthropic causes or charities as part of The Giving Pledge. He has made large gifts to Duke University's Sanford School of Public Policy, the John F. Kennedy School of Government at Harvard University, Johns Hopkins University, and the University of Chicago Law School. He is a trustee of Duke, where Rubenstein Hall is named for his philanthropic gift to the school.<2> In 2011, he also donated $13.6 million to the Duke University Libraries in support of renovating the university's special collections library. <3>

He was elected to the Board of Trustees of the University of Chicago on May 31, 2007.<4>

On December 18, 2007, David Rubenstein purchased the last privately owned copy of the Magna Carta at Sotheby's auction house in New York for $21.3 million.<5> He has lent it to the National Archives in Washington D.C.<6> In 2011, Rubenstein gave $13.5 million to to the National Archives for a new gallery and visitor's center.<7>

Rubenstein was elected as the next Chairman of the Board of the Kennedy Center, Washington, DC, starting in May 2010. He is Vice Chairman of the Board of the Lincoln Center for the Performing Arts, New York, and chairman of its fundraising drive. A new atrium was named for him

*********UNQUOTE*********



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