Private equity giant Carlyle Group has agreed to pay US$115 million to settle to settle a lawsuit that accused it colluding with other buyout firm to fix the prices of leveraged buyouts.
However, the Washington-based firm, which was the only private equity group that had refused to settle, neither admitted nor denied the accusations.
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Last month, private equity firms Blackstone, KKR and TPG Capital agreed to pay a combined US$325 million to settle the same allegations.
Earlier this year, Goldman Sachs, Bain Capital and Silver Lake Partners settled claims against them on the class-action lawsuit, with Goldman and Bain paying a combined US$121 million to resolve claims without admitting or denying guilt.
Carlyle’s deal brings the total amount buyout firms have agreed to pay to settle the leveraged buyout collusion charges to US$590.5 million.
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By GlobalData
