US - Private equity giant Carlyle Group has confirmed its plans to go public.
The firm, which manages $150bn in assets, said it had filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed initial public offering.
Carlyle Group refused to say how many shares would be offered or the price range for the offering, but the company's three founders - Daniel D'Aniello, William Conway Jr. and David Rubenstein - currently hold 60% and said they have no intention of leaving Carlyle in the near future.
Carlyle said it would use the net proceeds from the offering to repay debt and for general corporate purposes, including operational needs, growth initiatives, acquisitions and strategic investments and to fund capital commitments to its funds.
The IPO is expected in the first half of 2012. JP Morgan Securities, Citigroup Global Markets and Credit Suisse Securities (USA) will serve as joint book-running managers for the offering.
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