Carlyle, KKR Win Discover’s $10 Billion Student-Loan Portfolio
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Carlyle Group Inc. and KKR & Co. won the auction for a $10 billion student-loan portfolio from Discover Financial Services, according to people familiar with the matter.
The private equity firms made a 50-50 bid, said the people, who asked not to be identified because the details haven’t been announced publicly. Spokespeople for Carlyle, KKR and Discover declined to comment.