Pierre Omidyar - Libertarian GG's Libertarian Billionaire Boss

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2. The Carlyle Group Has Made $2 Billion Off Of Booz Allen

The Carlyle Group Has Made $2 Billion Off Of Booz Allen
http://www.forbes.com/sites/nathanvardi/2013/06/10/the-carlyle-group-has-made-2-billion-off-of-booz-allen/

In 2008, the Carlyle Group made a large $910 million investment to buy a majority stake in Booz Allen’s government consulting business. The deal saw Booz Allen’s big government advisory unit, which produced most of the firm’s revenue, split off from its corporate consulting group, on the eve of the financial crisis.

But Washington-based Carlyle, which has a long and successful history doing deals involving government contractors, has really made the Booz Allen deal work. It has been an amazing transaction for Carlyle. The private equity firm has made $2 billion in realized and unrealized profits on the Booz Allen Hamilton deal so far. Its $910 million investment is now worth $3 billion.

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