Carlyle is planning a $300m initial public offering for shares of US government consulting business Booz Allen Hamilton and will pay down debt with the proceeds of the sale.
As of yet, there is no share volume or share price set for the offering, according to a filing with the US Securities and Exchange Commission.
The US buy-out house bought the company back in May 2008 for $2.54bn, at which point Booz Allen's global commercial business formed a standalone company separate from the division acquired by Carlyle.
Booz Allen offers management consulting, engineering, IT and systems development and integration services supporting mission-critical programmes for the US government.
With 23,000 people, the firm generates over $5bn in annual revenue, according to the company’s website.
Carlyle has retrained its eye on Europe recently, earlier this month making a bid for 65 per cent of Giannoni France, a Brittany-based manufacturer of heat exchangers for boilers.
If the private equity firm seals the deal, which values Giannoni at €490m, it will be the first in the continent since 2008.
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