Acquired $150 mln Bank of Butterfield stake in 2010
Bank IPO’d in 2016; second offering priced in February
Carlyle's first financial-services fund netting 12.4 pct IRR
Carlyle Group stands to make as much as 2.5x its investment in Bank of Butterfield, a publicly traded Bermudan bank that floated a public offering on the New York Stock Exchange last year. Carlyle unloaded roughly 3 million shares in ...