Carlyle to acquire majority stake in MAI Capital Management

MAI Capital Management announced that it has signed an agreement for funds managed by global investment firm Carlyle (CG) to acquire a majority stake in the company, valuing it at more than $2.8 billion. Carlyle initially invested in MAI in 2021 through its investment in Galway Holdings, which acquired MAI that year, and will become the majority owner upon closing, with Galway Holdings, funds managed by Harvest Partners, and Oak Hill Capital exiting their positions. MAI employees will continue to hold a large minority equity ownership.