Reuters: Regulatory News: UPDATE 1-Carlyle seeks to raise upto $762.5 mln in IPO

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UPDATE 1-Carlyle seeks to raise upto $762.5 mln in IPO Apr 16th 2012, 10:29 April 16 | Mon Apr 16, 2012 6:29am EDT April 16 (Reuters) - Private equity firm Carlyle Group LP said it is looking to raise between $701.5 million to $762.5 million in its initial public offering as the company presses on with its IPO plans. The company said it will sell 30.5 million units at between $23 and $25 per unit. At the mid-point of the expected price range, the company is valued at $7.30 billion, if all outstanding Carlyle Holdings partnership units held by existing owners were exchanged for newly-issued common units on a one-for-one basis. Carlyle said the underwriters have the option to purchase up to 4.57 million additional shares. On Sunday, a source told Reuters the road shows for the IPO are due to start this week with the firm's founders - William Conway, Daniel D'Aniello and David Rubenstein - set to join the marketing efforts as three teams are dispatched to present to investors. The company said it expects to use the proceeds to repay debt, fund acquisitions and for general corporate purposes. J.P. Morgan, Citigroup, Credit Suisse and BofA Merrill Lynch are among the underwriters for the IPO.

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