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| David Rubenstein: rejects the view that financial sponsors can play a significant role in industry consolidation. |
IF THE CARLYLE Group didn’t exist, conspiracy theorists would have invented it. A financially powerful US private investment fund specializing in the defence sector and drawing on the contacts of ex-presidents to find deals and boost returns, it has gathered an almost sinister reputation since it was set up in 1987. That has almost obscured the fact that, with $17.5
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