Prime Capital Financial Announces Strategic Partnership With Carlyle to Accelerate Next Phase of Growth
Carlyle's Global Credit platform has agreed to provide approximately $600 million in hybrid capital to Prime Capital Financial as part of a strategic partnership that includes a minority ownership interest in the company and supports Prime Capital's long-term growth. The transaction values Prime Capital Financial at an enterprise value of more than $1.8 billion.
Why it matters — For Carlyle watchers, this partnership expands the firm's Global Credit investment activity and secures a minority ownership position in a financial firm, adding to its deal flow.