Middle East investor pumps $500m into Carlyle Group

first_img Share Show Comments ▼ Thursday 16 December 2010 8:34 pm whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutecenter_img Middle East investor pumps $500m into Carlyle Group whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof US private equity firm Carlyle Group has deepened its ties with a major Abu Dhabi investor in a move that could see it grow its investments in the Middle East.State-owned investor Mubadala Development has paid $500m (£318m) for an unspecified mixture of debt and equity in Carlyle, adding to its 7.5 per cent stake bought in 2007.Mubadala, which invests in long-term capital-intensive projects to diversify Abu Dhabi’s economy, has co-invested and collaborated with Carlyle in sectors such as healthcare and aerospace since then. The Middle East and north Africa region has been another focus for cooperation.“Our partnership with Mubadala continues to strengthen as we collaborate on investment opportunities and share sector and regional economic insights,” said David Rubenstein, Carlyle’s co-founder and managing director. The additional capital will allow it to extend new product lines and offerings to investors, said the US firm.Carlyle currently manages assets of about $98bn while Mubadala said in September that it held 86.1bn dirhams (£15bn) at the end of the first half of 2010. Goldman Sachs advised Mubadala on the deal, while Citi and JP Morgan Securities advised Carlyle. last_img read more

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