Blackstone, KKR, TPG Eye Collusion Deals

Jul 23 2014 | 10:14am ET

Three of the four private-equity giants still facing a class-action collusion lawsuit are in talks to settle.

The Blackstone Group and Kohlberg Kravis Roberts are in advanced discussions about a deal. TPG Capital has also held talks with the plaintiffs in the case, according to Reuters.

The three firms—and the Carlyle Group—face a Nov. 3 trial on allegations that they and seven other firms conspired to keep down prices for target companies over the past decade, agreeing not to bid against one another. The other seven firms have already settled or had the cases against them dismissed, with Bain Capital, Goldman Sachs and Silver Lake Partners most recently cutting deals.

Blackstone and KKR are likely to be part of a joint deal, The Wall Street Journal reports, one that could be reached within weeks. It is unclear whether Carlyle is also seeking a settlement.

Despite the nearness of a deal, Blackstone President Tony James last week called the allegations “malarkey.”


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