Carlyle To Go Public In Volatile Market
On September 6th, The Carlyle Group took a giant step toward joining an elite club: private equity giants with public stock tickers. The S-1 Filing marks a step in the evolution of the global alternative asset manager to becoming a $153 billion investment titan. It has been reported Carlyle is considering going public by the end of Q1 in 2012.
The S-1 Filing discloses relatively little about Carlyle's initial offering plans and succession planning.
The major equity holders, including the co-founders (David Rubenstein, Daniel D'Aniello, and William Conway, Jr.) and outside investors will be subject to lock-up agreements. There is no hiding from the fact the success of an IPO (preparing and post pricing) is directly tied to the key executives and founders.
The death or disability of a top executive is a critical threat that's sure to derail even the most sought after public offering.
This is an extremely large risk, but similar risks are evident among businesses of all sizes where success is based on the key executive(s).
Take a moment and look at your TOP private/public clients: are they protected?
Many times events trigger an immediate need for key person succession planning. Whether your client is an organization filing their S-1, a key executive who decided white water rafting was the right trip to take before their child heads to college, or a business owner who will now be spending meaningful time in South America because of business expansion, Exceptional Risk Advisors, LLC is your solution. We can bind up to $100M of Accidental Death and Accident Only Disability using a short form application to protect the more prevalent and immediate accident risk. No medical underwriting is required. Many advisors secure six months of coverage to protect their clients from the risk of an accidental death or disability while proper succession planning is completed.
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