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Carlyle leans into carve-outs as dealmaking gets more competitive

Reported by Privateequityinternational ·Private Equity International
Sep 24, 2026· 1 min read
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Key Takeaways
  • • Carlyle is increasing its focus on carve-out transactions as competition for deals intensifies, according to co-head of Americas private equity Steve Wise, speaking to PEI.
  • • Wise identifies industrials, defence and healthcare as the sectors expected to benefit most from this carve-out strategy.
  • • The source article is largely inaccessible: the available text contains only the publisher summary and a subscription verification notice, so specific deal values and figures are not reported here.
Summary
Carlyle is leaning further into carve-out transactions as dealmaking becomes more competitive, according to remarks from Steve Wise, co-head of the Americas private equity business, reported by Private Equity International (PEI). Carve-outs, in which a buyer acquires a division or business unit from a larger parent company, have become a focus area for large private equity firms seeking differentiated opportunities in a crowded market.

According to Wise, the industrials, defence and healthcare sectors stand to benefit from this approach. The publisher summary frames the strategy as a response to heightened competition for deals across the market.

The available source text is limited. It consists of the publisher summary and a subscription verification message, and does not include deal sizes, specific transactions, fund details or further quotes from Wise. Readers seeking additional detail on Carlyle's carve-out pipeline or the sector theses should consult the full PEI article.

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Sources

2 outlets

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Privateequityinternational Carlyle leans into carve-outs as dealmaking gets more competitive Private Equity International Carlyle leans into carve-outs as dealmaking gets more competitive - Private Equity International | PEI