Carlyle: where next?

In the second part of our interview with Carlyle bosses David Rubenstein and Michael Kim, we examine the firm''s Asian strategy.
Carlyle, the $14 billion buyout fund, continues to see Asia as a priority.

Asian boss, Michael Kim says the firm is close to finalising its third Korean investment, to buy control of Ssangyong Information and Communications for $248 million.

The control-transaction will see management buying-in to, making it a quasi-leveraged buyout and a quasi-management buyout. The company makes the software that allows the likes of Korea Telecoms systems to work.

In this respect, it complements the earlier acquisition of Daewoo Telecom, which makes telecoms hardware such as switching systems and fibre-optic cable.

Carlyle has a three to five year view on both investments and reckons the advantage of the latest purchase will be...

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