Reuters scoops Carlyle`s $860 mln sell down in China Pacific

Reuters beat all competitors on Dec. 30 with news that Carlyle Group had sold $860 million worth of stock in insurer China Pacific, recouping most its initial investment and leaving the private equity fund with a plum $4 billion-plus paper profit. China Pacific is one of Carlyle`s most profitable investments in Asia and the story was hot among our core financial and media clients. Unlike other block deals, this one remained under wraps as there was no term sheet and the most of the shares were privately placed. Several financial clients called Reuters to seek details about the deal and Bloomberg was forced to cite Reuters in its report and used all the details from our story. Dow Jones and WSJ took three hours to match Reuters story, while several online editions of global media including CNBC and others used the Reuters story in full.