Deals
Carlyle Buys Remaining 40% of AlpInvest as It Diversifies
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Carlyle Group LP, the world’s second-biggest private-equity firm, agreed to buy the remaining 40 percent of AlpInvest Partners NV, a Dutch investment manager in which it took a 60 percent stake in 2011.
Carlyle will pay for the deal using 2.8 million shares and 4 million euros ($5.2 million) in cash, the Washington-based firm said in a regulatory filing today. That would translate into about $88 million based on Carlyle’s closing share price of $29.16 on May 31. Carlyle bought the initial stake in AlpInvest, which invests money in private-equity vehicles through funds-of-funds, for an undisclosed price.