This case is used in Darden's course elective, Corporate Financing, and is accompanied by a teaching note for instructors and Excel spreadsheet for students. The Carlyle Group IPO case explores the circumstances leading up to the firm's IPO in May 2012. Over the past 25 years, Carlyle had grown from a fledgling private equity firm to one of the world's largest and most diversified investment firms. Carlyle had prepared extensively for the roadshow; management anticipated some tough questions. Students are asked to evaluate the extent to which Carlyle is undervalued relative to its peers. The case provides information on how to evaluate the earnings received by the public shareholders and outlines several alternative approaches to value PPEs.
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Case Study|
January 20 2017
The Carlyle Group: IPO of a Publicly Traded Private Equity Firm
This case was prepared by Susan Chaplinsky, Professor of Business Administration, Darden School of Business, and Felicia Marston, Professor of Commerce, McIntire School of Commerce. It was written as a basis for class discussion rather than to illustrate effective or ineffective handling of an administrative situation.
Publisher: Emerald Publishing
Online ISSN: 2474-7890
Copyright © 2013 by the University of Virginia Darden School Foundation, Charlottesville, VA. All rights reserved.
2013
University of Virginia Darden School Foundation
Licensed re-use rights only. To order copies, send an e-mail to sales@dardenbusinesspublishing.com. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means—electronic, mechanical, photocopying, recording, or otherwise—without the permission of the Darden School Foundation.
Darden Business Publishing Cases 1–27.
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Citation
Chaplinsky S, Marston FC (2017;), "The Carlyle Group: IPO of a Publicly Traded Private Equity Firm". Darden Business Publishing Cases, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/case.darden.2016.000294
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