Carlyle Takes Majority Stake in Nido, Fuelling Affordable Housing Growth

Truist Financial, led by new CEO Mike Lyons, is restructuring its consumer banking business and selling its direct-to-consumer lending platform, LightStream, to Carlyle Group for $7.7 billion. The deal is expected to close by year-end, generating $7.2 billion in net proceeds. Lyons, who joined in September, has also overseen the sale of the bank's near-prime auto lending business. The bank has hired new executives to lead consumer and small business banking.

Carlyle Group halted pursuit of Lukoil's overseas assets after their agreement expired in July. Lukoil is now negotiating with other potential buyers. US sanctions on Lukoil, imposed in 2025, complicate international operations. OFAC extended a general license until October 22 for asset sale negotiations. Lukoil's international portfolio includes European refineries and projects in Azerbaijan and Iraq.

Carlyle Group withdrew from a deal to acquire Lukoil's international assets, valued at $22 billion, due to lack of US regulatory approval. The deal, initially agreed in January 2026, has now collapsed. Lukoil's assets are still up for sale, attracting interest from other bidders, including Exxon Mobil and Todd Boley, according to Bloomberg and Financial Times.

Carlyle Group has withdrawn from pursuing a deal to acquire Lukoil's international assets, according to a spokesman. The assets, valued at around $22 billion, were put up for sale last year due to U.S. sanctions on Russia. Carlyle had initially agreed to buy the assets, excluding those in Kazakhstan, and was in talks with several partners. Other companies, including Exxon Mobil, had shown interest in the portfolio.

Todd Boehly, a US billionaire, is reportedly a potential buyer of Lukoil's international assets, valued at around $22 billion, with backing from the US government and Gulf investors. The assets include oil fields, refineries, and filling stations. Carlyle Group had previously been expected to acquire the portfolio, but Boehly's bid could challenge that. The transaction requires US regulatory approval and Russian government consent.

Carlyle Group's stock is rising as investors react positively to reports of an IPO for its Highway Roop Precision Technologies unit, which could raise up to $400 million. The firm benefits from record assets under management and steady fundraising, but faces concerns over weak cash generation and high leverage.