Carlyle Group Files for 2012 IPO

By Features FOXBusiness

Private equity giant Carlyle Group has filed to go public in 2012.

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The initial public offering could be worth up to $100 million, but that estimate will likely change as the company moves closer to an IPO. The number of shares to be offered and price range for them have not yet been determined.

While Carlyle Group did not provide an estimated timeline for the offering, the company lists 2012 in its filing with the Securities and Exchange Commission, and a source close to the matter told The Wall Street Journal it is aiming for an IPO early next year.

That could be a reflection of continued turmoil in the markets and rising fears over another global economic slowdown.

The company, which manages some $153 billion in assets, will use proceeds to repay debt, fund growth initiatives and for general corporate purposes, according to the filing.

Carlyle Group has made some $1.79 billion in segment revenues so far this year, building on the $2.39 billion it made in 2010. The asset manager said it booked $770.2 million for the six-months ended June 30.

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The IPO is being managed by J.P. Morgan Chase (JPM), Citigroup (C) and Credit Suisse (CS).