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Private-equity firm Carlyle bought a minority stake in Captrust Financial Advisors, valuing the fast-growing wealth management firm at more than $3.7 billion.
Captrust will use the funds primarily for acquisitions. The company for years has pursued an aggressive acquisition strategy that has boosted its assets under management, broadened its service offering, and expanded its geographic reach.
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This article was written by Follow I am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk...
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