Blackstone Group LP, KKR & Co. and TPG Capital LP, among the biggest alternative-asset managers, agreed to pay a combined $325 million to settle seven-year-old claims of colluding to keep leveraged-buyout prices low (Dahl v. Bain Capital Partners LLC, D. Mass., 07-12388, proposed settlement filed).
The accord, made public in an Aug. 7 filing with the U.S. District Court for the District of Massachusetts, leaves two entities of Carlyle Group LP, the world’s second-biggest private-equity firm, as the only defendants in a trial scheduled to start Nov. 3. The settlements still need approval by the court.
The complaint ...
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