What's Going On With Carlyle Stock Tuesday? - Carlyle Group (NASDAQ:CG)

What's Going On With Carlyle Stock Tuesday? - Carlyle Group (NASDAQ:CG)

Carlyle (CG) shares rise as it acquires a majority stake in MAI Capital, valuing the firm at over $2.8B. Get the full deal details here.

Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation

March 31 (Reuters) – MAI Capital Management said on Tuesday that funds managed by investment firm Carlyle Group will buy a majority stake ​in a deal valuing the wealth management ‌firm at more than $2.8 billion. The move deepens Carlyle’s commitment to Cleveland-based MAI, with whom the alternative asset manager has had a partnership since 2021 through its initial investment ‌in ​insurance firm Galway Holdings, which ⁠later bought MAI. The lates…

Carlyle agrees majority investment in MAI Capital at $2.8bn-plus valuation

Private investment major Carlyle has agreed to acquire a controlling stake in MAI Capital Management, in a transaction that values the US-based wealth manager at more than $2.8bn, according to a report by Reuters. The deal builds on Carlyle’s existing relationship with MAI, which dates back to 2021 through its investment in Galway Holdings, the insurance platform that subsequently acquired the firm. The latest transaction is expected to provide …

Carlyle Ups Interest in MAI Capital with Majority Stake

Private equity firm Carlyle has agreed to acquire $72.6B MAI Capital from Galway Holdings at a valuation of $2.8 billion.