The Carlyle Group's back-to-back sell-downs worth $2.6 billion of China Pacific Insurance (Group) Co , has put the U.S. buyout fund on course for its best exit ever. As far as private equity deals go, the China Pacific transaction looks set to be not just Carlyle's biggest single profit on an acquisition, but among the biggest in the industry. Should China Pacific's stock remain steady, and Carlyle eventually sells out of its stake as expected, the private equity firm will have made a profit of around $4.4 billion, or six times its original investment.
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