P-E firms may pay more than $1B in collusion case

|By:, SA News Editor

Sources say "the time has passed" that plaintiffs would have settled for $1B

The suit alleges private-equity firms, including KKR (KKR), Bain Capital, Silver Lake Partners, Blackstone Group (BX), Carlyle Group (CG), TPG Capital, and Goldman Sachs Capital Partners (GS) agreed from 2004 through 2008 not to jump each others' signed deals.

The PE firms have tried 10 times since the 2007 case was filed to get it tossed. Settlement talks could begin in earnest in coming months after a Nov. 3, 2014, trial date was set during a court hearing last week, sources say.

The value of the eight buyouts in question is $170B