Wednesday, November 17, 2010

Carlyle's Booz Prices at Low End of Range

The Carlyle Group's Booz Allen Hamilton priced at $17 a share, at the bottom of the expected range. Bloomberg reported:
Carlyle, the world’s second-largest private equity firm, is taking Booz Allen public in the biggest week for U.S. initial offerings since 2008.

Other independent public offerings (IPO) have a Carlyle tie. GM is headed by ex-Carlyle manager Daniel Akerson.  Harrah's is a holding in Carlyle Mezzanine Partners II, like Booz Allen Hamilton.  Maybe, ARINC will sell this week.  It's on the block.

Update 6-7-11:  Uncle Sam keeps on giving to Booz, still majority owned by Carlyle.

Update 9-2-11:  BAH traded down over 6% to close at $15.02.  Bad timing for Carlyle's IPO.