Carlyle’s Conway, D’Aniello Said to Sell $62 Million Firm Stakes
ByCarlyle Group LP co-founders Bill Conway and Dan D’Aniello will each sell about 2 percent of their stakes in the investment firm, according to a person with knowledge of the matter who asked not to be named because the information is private.
The two billionaires will reap about $31 million each from the sale of partnership units based on today’s share price.
Carlyle, the world’s second biggest private equity manager, is selling 7 million shares to the public, the firm said in a statement Monday. It will use the money to buy back partnership units held by certain directors and executive officers. Based on Monday’s closing price, the offering will raise about $217 million. Carlyle didn’t identify the sellers…
Carlyle’s Conway, D’Aniello Said to Sell $62 Million Firm Stakes
