As when Carlyle Group announced its first stock buyback, the global market has been in a complete astonishment – the boom in private equity has finally come to an end.
The profit estimates laid forward in 4Q earnings call by Carlyle Group, reports to be comprising unrecognized gains – BEARISH by 59 cents, i.e. US$ 73 million in comparison to what it showed during the same time duration, year ago.
[As what an estimate reports revealed on New York Times:
Thomson Reuters predicted gained amount of 31 cents/share – the current one revealed 24 cents/share.
In the final Q of the year 2015, Carlyle said it made US$ 4 billion on proceeds from sales of 140 investments in portfolio companies. During entire year, Carlyle made US$ 18 billion in comparison with US$ 19.7 billion a year before it. The firm also stated to have raised around US$ 2.7 billion from investors in the last three months of the year, raising the total amount raised over the year to US$ 16.4 billion.
Not to mention, generated cash, eligible to be passed along to shareholders – distributable earnings, was US$145 million in 4Q,BEARISH with 53% from previous year’s US$ 311 million.
Its real estate assets gained 27% over the year, while its core buyout funds gained 13%.]
“Carlyle had a strong 2015 amid challenging markets. The equity market currently ascribes little value to our diversified investment platform.”– Co-chief executive of Carlyle
He further stated the firm to be adding on a buyback of around US$ 200 million within its shares – keeping in mind firm’s strongest performance history.
The firm is always looking into the deals worthUS$4 billion withinitssphere and roughly the same amount in companies that it was contracted to sell. In short, Carlyle Group expects better output this year.
