Flying high from Manchester City’s big win over Manchester United this week, Khaldoon al-Mubarak, the soccer club’s chairman, will be less pleased with some of this week’s other results.
As chief executive of Mubadala, an Abu Dhabi government investment fund, he can’t have ignored the disappointing outcome of the IPO of Carlyle Group. The US private equity company raised just $671m from investors, giving it a value of only $6.7bn – compared to $18bn when Mubadala bought a 7.5 per cent stake four years ago.
The companies sang the same tune in their official statements:
No comments:
Post a Comment