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Carlyle settles collusion lawsuit for $115m

1 Sep 2014

washdcPrivate equity firm Carlyle has reportedly agreed to settle a collusion lawsuit for $115m.

The Washington, DC-based firm did not admit to any wrongdoing in the settlement, a person familiar with the matter told Reuters.

Other defendants in the case included buyout firms KKR, Blackstone and TPG, which settled the lawsuit for $325m last month. Silver Lake, Goldman Sachs and Bain Capital also were among the defendants before settling the lawsuit.

Carlyle was the sole remaining defendant and was set to go on trial later this year.

The lawsuit was filed seven years ago, accusing the firms of conspiring to buy companies without competition.

Last week Carlyle closed its collateralised loan obligation fund on approximately $816m.

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