Sunday, December 03, 2006

Carlyle Sub Sells to U.S. Military in Iraq

A Carlyle Group affiliate sells product to members of the military stationed overseas. No it isn’t the Bradley Fighting Vehicle made by United Defense Industries. Carlyle realized that investment when it sold the company to British based BAE Systems. Goldman Sachs sealed this deal while future Treasury Secretary Henry Paulson filled the CEO chair.

Not a weapon, this product goes directly to the soldier, into their mouth and stomach. Dunkin Donuts and Baskin Robbins Ice Cream are franchises owned by a Carlyle sub. They are two of the seventeen chains serving our fighting forces in Iraq, Afghanistan and Kuwait. In 2005 Carlyle joined Thomas Lee Partners and Bain Capital to buy the franchises from Pernod Ricard SA, a French company.

Should you purchase a donut or milk shake on a base in our current operating theaters, just know it will benefit someone else with a Pennsylvania Avenue address. That would be The Carlyle Group, now managing $44.3 billion in assets and taking ice cream money from young soldiers…

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