Carlyle hires Goldman Sachs Group to sale the Philosophy company

Carlyle plans to sell the Philosophy for $ 1 billion

In brief: Goldman Sachs Group to help sell the Philosophy of $ 1 billion by the end of 2010.

According to recent news, Carlyle Group investment firm plans to sell cosmetics manufacturer Philosophy for $ 1 billion, three years after buying the company for $ 475 million.

It is reported that Carlyle has hired Goldman Sachs Group to explore options for selling Philosophy of the company and, if you will not find bidders for the purchase, may consider IPO. In addition, Philosophy is one of three most promising companies in 2006. Assets Philosophy exceed $ 980 million in 2007. The situation changed after the first wave of the crisis.

Ukrainian Globalist
2010-07-23 09:11, Economics.

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