Carlyle Group Downgrades Stake In HD Supply
The Carlyle Group told investors that the value of its stake in HD Supply, previously owned by The Home Depot, has fallen by 15%
amid the ongoing financial crisis and weakened home-building sector.
The Carlyle Group, one of the three private equity firms that spent $8.5 billion acquiring HD Supply from the Home Depot last year, told its investors that its share in the building materials distributor is worth only about 85 cents on the dollar, according to a Washington Post blog.
Investors in the Washington, D.C.-based equity player should not expect any cash distributions in the near future, as the ongoing financial crisis drives the value of companies down.
For the full story, read here.
The Carlyle Group, one of the three private equity firms that spent $8.5 billion acquiring HD Supply from the Home Depot last year, told its investors that its share in the building materials distributor is worth only about 85 cents on the dollar, according to a Washington Post blog.
Investors in the Washington, D.C.-based equity player should not expect any cash distributions in the near future, as the ongoing financial crisis drives the value of companies down.
For the full story, read here.
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