Carlyle to reap windfall from bet on credit card issuer
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Carlyle to reap windfall from bet on credit card issuer

By Ankit Agarwal

  • 17 Mar 2021
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Carlyle to reap windfall from bet on credit card issuer
Credit: Reuters

A listed credit card issuer has multiplied Carlyle’s investment of less than four years by about 11 times, according to a VCCircle analysis.  Going by VCCircle estimates, this means about 109% internal rate of return (IRR) for the global private equity giant from SBI Cards and Payment Services.  The estimates are based ......

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