Robert Johnson, Carlyle Partner For Private Equity Investing In Media, Other Areas

Intriguing … BET founder and entrepreneur Robert L. Johnson has signed a letter of intent with The Carlyle Group “to develop co-investment opportunities, share private equity deal flow, and execute private equity deals.” Caryle will be a seed investor in a new private equity firm Johnson is forming to look for expansion and buy-out opportunities — controlling investments in the high-end of middle market companies. Long-term only. More details in the press release., which also emphasizes that RLJ is an African-American owned-and-operated firm.
(via print USA Today)

Comments have been disabled for this post