Carlyle to sell 10 percent stake in IPO: source

Tue Apr 10, 2012 7:40pm EDT
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NEW YORK (Reuters) - Carlyle Group LP, the private equity firm with $147 billion in assets under management, is planning to sell a 10 percent stake in its upcoming initial public offering, a source familiar with the matter said on Tuesday.

The firm, which is set to start road shows for its IPO shortly, first hinted at the size of the sale in a regulatory filing earlier this month. It is looking for a valuation of between $7.5 billion and $8 billion, the source said.

A Carlyle spokesman declined to comment.

(Reporting by Greg Roumeliotis in New York; Editing by Gary Hill)