By Amy Or
While many private-equity firms have gone public, Clayton Dubilier & Rice won’t be one of them, said Chairman and co-founder Joseph Rice. It’s “never going to happen for us.”
Speaking at the Columbia Business School’s private equity and venture capital conference, Rice says CBR’s unstable revenue stream makes it hard to lure public investors. “There’d be great years and there’d be terrible years. That’s just the love of God.”
Rice’s attitude highlights the evolution with which some firms have undergone, expanding beyond traditional private-equity turf.
Carlyle Group, Rice notes, has built a diversified business and has able to even out earnings through the years. Carlyle is in the midst of going public
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