The co-head of Carlyle Group‘s Americas PE business said carve-outs are top of its agenda amid high prices for assets and the rising cost of borrowing. Corporates pruning their portfolios because capital is no longer free and AI forcing them to reinvest – either to defend their position or to press an advantage – is leading to dealmaking in the industrials, defence and healthcare sectors, Steve Wise told Private Equity International.

Industrials, defence and healthcare sectors stand to benefit, co-head of Americas PE Steve Wise tells PEI.