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Stock impact report

Carlyle to Acquire Majority Stake in MAI Capital Management

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: Business Wire
The new investment strengthens MAI’s capital base, supports advisors, and provides continuity for clients and teams CLEVELAND--(BUSINESS WIRE)--MAI Capital Management (“MAI”), a registered investment advisor (“RIA”) focused on empowering clients to simplify, protect, and grow their wealth, today announced that it has signed an agreement for funds managed by global investment firm Carlyle (NASDAQ: CG) 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 the majority owner upon closing, with Galway Holdings, funds managed by Harvest Partners, LP (“Harvest Partners”), and Oak Hill Capital exiting their positions. MAI employees will continue to hold a large minority equity ownership.As majority owner, Carlyle will provide MAI with the resources to continue investing significantly in its people, capabilities, and client experienc Show less Read more
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