Firm Represents Carlyle Group in Sale of Interest to Affiliate of Mubadala Development Co.
The Firm is representing The Carlyle Group in connection with the announced agreement to sell a 7.5% non-voting interest in Carlyle to an affiliate of Mubadala Development Company, an investment company owned by the government of the Emirate of Abu Dhabi, for $1.35 billion. Under the terms of the agreement, Mubadala and/or its affiliates will also commit $500 million to Carlyle Partners V, L.P., Carlyle's new U.S. buyout fund. The deal represents a 10% liquidity discount to the parties' agreed-upon $20 billion valuation of Carlyle.
The Simpson Thacher team working on the transaction includes: Bill Dougherty, Josh Bonnie, Tom Bell, John Creed, Barrie Covit, Anthony King, Kurt Dudas and Kay Ch'ien.