Private equity firm Carlyle Group’s decision to borrow a chunk of money to pay its major shareholders’ dividend early this month has been viewed by industry experts as misleading and lacking in decorum.
The US-based investment company was reported by Bloomberg to have borrowed around $500 million (Dh1.8 billion) from Abu Dhabi’s sovereign wealth fund in order to finance its expansion plans.
But the lion’s share of that amount went to the pockets of its owners, a move that could hurt the company’s reputation ahead of its plans to launch an initial public offering.
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