If you love a good conspiracy theory but find Ron Paul’s and Rick Perry’s calls to kill Ben Bernanke for counterfeiting a little played out, do we have some good news for you. The Carlyle Group, a mild mannered private equity firm by day that at night transforms into an evil conspiracy among George Bush, Skull & Bones, the Saudi royal family annd the Illuminati, is about to get a lot more public attention.
Bloomberg reports that Carlyle is shopping an IPO. While we do worry that IPOs by smart private equity managers have a pretty solid tradition of top-ticking (Blackstone IPOed in June 2007 and the market has never been the same since), we like David Rubenstein’s efforts to get valued for making good investments instead of just for having a ton of money:
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Reuters reports that General Motors will sell Hummer, though a buyer has not been named, nor has a number been quoted for how much it’ll pay. And then there’s this, from the mailbag:
I saw David Rubenstein and Rahm Emanuel (with one other unidentified guy) eating dinner at Blue Duck Tavern in DC last night. There is an outdoor seating area, which is where they were. They were actually looking somewhat awkward, not sure what to make of that. I do remember they were twins with their navy suit and red ties (it is Rubenstein after all), probably planned that. I’m not saying Carlyle bought Hummer, but I’m not saying it.