PitchBook writes:
Private equity’s biggest guns are once again showing they can have record-setting buyout firepower when they work as a team.
After recently backing away from so-called club deals that bring together multiple firms, the industry now has its largest acquisition in years. Blackstone, The Carlyle Group and Hellman & Friedman have joined forces to acquire Medline in a deal reportedly worth around $34 billion, including debt.
The deal comes after US private equity firms amassed approximately $721 billion …

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Source: The Loadstar