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 MAI with additional capital to accelerate growth an...
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