Mubadala Development Company has bought a 7.5% stake in The Carlyle Group for $1.35bn in cash. The deal represents a 10% liquidity discount to the $20bn firm valuation that was agreed by both parties. The minority investment includes no associated voting rights and is subject to value-related protective rights. Mubadala also committed $500m to an investment fund managed by Carlyle. Goldman Sachs advised Mubadala and Citigroup Global Markets advised Carlyle on the transaction, which is expected to close in October.
UnternehmerTUM Fonds III has a target of €150m and will focus on series-A and early-stage rounds
Deal is HTGF's 11th exit during the coronavirus pandemic, and comes seven years after the VC first invested in the company
Vista formed Finastra through the merger of its portfolio company Misys with D+H, a Canadian fintech group
This is the third deal made by Levine Leichtman Capital Partners Europe II, which closed on €463m earlier this month