Carlyle, Bain Vie for Wealth Enhancement in $7B Deal

CG Carlyle Group Inc

$38.88 -1.12%

View chart & analysis →

1. 1The Financial Times reported that Carlyle and Bain Capital are in the final stages of competition to acquire Wealth Enhancement.
2. 2The deal is valued at roughly $7 billion including debt, and the company, which manages about $160 billion in client assets, is being shopped by TA Associates and Onyx.
3. 3With other bidders dropping out, only the two firms remain, while TA and Onyx have engaged Evercore as the sale advisor.

Source Private Banker International +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →