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KKR, Blackstone, TPG settle collusion lawsuit for $325m

8 Aug 2014

court of lawPrivate equity majors KKR, Blackstone and TPG Capital have agreed to settle a collusion lawsuit for $325m, a regulatory filing showed.

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

Carlyle is the only remaining defendant and is set to go on trial later this year.

Silver Lake, Goldman Sachs and Bain Capital also were among the defendants before settling the lawsuit.

Lawyer for the plaintiffs Thomas Undlin said, “Plaintiffs have overcome defendants’ attacks on multiple fronts, including early efforts to transfer the case, dozens of motions to dismiss and for summary judgment,” the plaintiffs.”

KKR has just sold market intelligence and data business Ipreo to Blackstone and Goldman Sachs, making a return of 2.3 times.

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