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Carlyle

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Private equity giants chase $7bn take-private of Wealth Enhancement
mergers-and-acquisitions29 days ago

Private equity giants chase $7bn take-private of Wealth Enhancement

Carlyle and Bain Capital are the final bidders to acquire Wealth Enhancement, a wealth-management platform with about $160 billion in assets, in a deal valued at roughly $7 billion including debt, as private-equity owners TA Associates and Onex seek exits amid a wave of RIAs consolidations and concerns about overinvestment and AI disruption in the sector.

business2 years ago

Carlyle's Fundraising Disappointment Spurs Job Cut Plans

Private equity firm Carlyle Group is reportedly considering job cuts as part of a restructuring effort following disappointing fundraising results. The firm has faced challenges in raising capital for its latest fund, which has fallen short of its target. Carlyle is now exploring cost-cutting measures, including potential layoffs, to improve its financial performance.