The Carlyle Group will liquefy their stake in Gemcom, a mining software company. .Carlyle was part of a consortium that took Gemcom private in June 2008. as PEU "Deal Frenzy" stood near collapse. Carlyle and partners purchased Gemcom in a deal valued at $190 million. They're monetizing for a near double under a $360 million deal.
Carlyle is normally silent on proceeds from private sales. Why share what appears to be a $170 million profit now? It's IPO time!
I wonder how Brooke and Garth made out on the deal...
