Carlyle Group Wins Court Fight Over Authentix Sale to Blue Water

Carlyle Group Inc. affiliates prevailed Tuesday against litigation over their $77.5 million sale of Authentix Inc. to Blue Water Energy LLP.

A Delaware judge ruled for the private equity giant, rejecting claims that Carlyle was driven by an urgent exit timeline to squeeze out Authentix’s minority investors at an unfair price when it flipped the anti-counterfeiting company it controlled. The decision—coming about a year after a January 2024 trial—appeared to be the final major ruling by Vice Chancellor Sam Glasscock III, whose retirement was scheduled for Tuesday.

“Carlyle’s fund was a bog-standard equity-fund investment vehicle, and there was ...