Carlyle's Rubenstein finding value in Europe

|About: The Carlyle Group (CG)|By:, SA News Editor

Europe is the "largest emerging market in the world," says Carlyle's (CG -1%) David Rubenstein, holding court at the SALT conference in Vegas. The old East-West divide, he says, is now a North-South divide, but overall things are in "reasonable shape," and the pricing is attractive.

Asked about David Tepper's nervousness, Rubenstein allows there's a bit of froth in markets, and notes half the deals getting done right now are P-E firms selling to each other. Prices aren't necessarily through the roof, but leverage is being ratcheted up.

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