Carlyle Group Reduces Booz Allen Ownership Stake to 37%
Booz Allen Hamilton Announces Sale of 10,000,000 Share Of Class A Common Stock By Affiliate of the Carlyle Group | Booz Allen Hamilton
Booz Allen Hamilton, Inc. | The Carlyle GroupNovember 05, 2014McLean, Virginia – Booz Allen Hamilton Holding Corporation (“Booz Allen”)(NYSE: BAH), the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., today announced the sale of an aggregate of 10,000,000 shares of Class A common stock (“common stock”) by an affiliate of The Carlyle Group (“Carlyle”) to J.P. Morgan Securities LLC, as the underwriter in a registered offering of these shares (the “underwritten offering”).
The Carlyle Group this week sold 10 million shares of Booz Allen Hamilton worth about $263 million, the latest in a series of stock sales that have pared the private equity’s interest in the McLean-based government consultant and technology services firm.Carlyle to Pare Stake in Booz Allen Hamilton - WSJ
Carlyle, a District-based private equity firm, sold the shares for $26.31 apiece to J.P. Morgan Securities. Carlyle, which once owned 90 percent of Booz Allen, now owns 37 percent of it, according to Booz Allen.
Wednesday’s transaction was the fourth time Carlyle had sold shares in the company.
Carlyle Group Prospectus
The Carlyle Group is an American-based global asset management firm, specializing in private equity, based in Washington D.C. The Carlyle Group operates in four business areas: private equity, real assets, market strategies, and fund of funds, through its AlpInvest subsidiary.
Carlyle's private equity business has been one of the largest investors in leveraged buyout transactions over the last decade,[when?] while its real estate business has actively acquired commercial real estate. Since its inception, Carlyle has completed investments in such notable companies as:
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