Carlyle mulls IPO next year

City A.M. Reporter
PRIVATE equity firm Carlyle Group may file papers to go public late next year, a source familiar with the situation said today.

The company would be following rival Blackstone Group LP, which went public in 2007, and KKR Co LP, which listed on the New York Stock Exchange earlier this year.

While an IPO filing could come late next year, it is unlikely Carlyle's stock would trade until 2012, the source said.

Bloomberg earlier quoted Carlyle's William Conway as saying the company is gearing up for a public share sale and cited a source saying it would file IPO papers next year.

"There will be significant advantages to having a lot more capital," it reported Conway as saying.

Chris Ullman, a spokesman for Carlyle told Reuters: "We have not made any decisions regarding if or when we might go public."

Carlyle has been weighing going public for some time, sources familiar with the matter told Reuters earlier this year.

The firm has been active in 2010, putting together deals to buy companies such as telecommunications company Syniverse Technologies and communications cable maker CommScope Inc.