Carlyle Group a Likely Buyer for Dutch Firm AlpInvest

The Carlyle Group is seen as a likely buyer for Dutch buyout shop AlpInvest, Reuters reported, citing Dutch financial daily Het Financieele Dagblad. A sale of AlpInvest is expected by the end of the year. At the end of 2009, the Dutch firm had 29 billion euros ($38.3 billion) invested for its owners, Dutch pension managers APG and PGGM, Reuters said.

(Reuters) – Carlyle Group [CYL.UL] is seen as the most likely buyer for Dutch private equity firm AlpInvest and would boost the U.S. firm’s diversification, Dutch financial daily Het Financieele Dagblad reported on Wednesday.

AlpInvest, which had 29 billion euros ($38.3 billion) invested at the end of 2009 for its owners, Dutch pension managers APG and PGGM, might also go to other bidders if they offered a higher price, the paper said, citing unnamed people familiar with the matter.

A sale was expected before the end of the year, it said.

AlpInvest declined to comment, while Carlyle’s European spokespeople were not immediately available to comment.

Harbourvest Partners and Grosvenor have also shown interest in AlpInvest, and negotiations have primarily focused on how much money privately-owned APG and PGGM would continue to have managed by AlpInvest, the paper said.

APG managed 266 billion euros at the end of September for Dutch pension funds, including ABP, the world’s third-largest state pension fund after those of Japan and Norway.

Private equity firm Carlyle Group may file papers to go public late next year, a source familiar with the situation said on Monday.

(Reporting by Gilbert Kreijger) ($1=.7566 Euro)