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 enters $2.8bn deal to acquire majority of MAI Capital

Carlyle has agreed to acquire a controlling interest in MAI Capital Management, valuing the firm at over $2.8bn.   The private equity firm first gained exposure to MAI in 2021 through its investment in Galway Holdings, which acquired a majority stake in the Cleveland-based RIA that same year.  The latest deal will see Galway Holdings, Harvest Partners, and Oak Hill Capital exit their ownership positions in MAI.  MAI employees will maintain a min…

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 Buys Majority Stake in MAI Capital Management

MAI Capital Management, a registered investment advisor (“RIA”) focused on empowering clients to simplify, protect, and grow their wealth, announced that it has signed an agreement for funds managed by global investment firm Carlyle  to acquire a majority stake in the company, valuing it at more than $2.8 billion. Carlyle initially invested in MAI in 2021 through its investment in Galway Holdings, which acquired MAI that year, and will become th…

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.