Manti Holdings, LLC v. The Carlyle Group Inc.

IN THE SUPREME COURT OF THE STATE OF DELAWARE

MANTI HOLDINGS, LLC, MALONE §
MITCHELL, WINN INTERESTS, § No. 112, 2025
LTD., EQUINOX I. A TX, GREG §
PIPKIN, CRAIG JOHNSTONE, TRI-C §
AUTHENTIX PREFERRED, LTD., §
DAVID MOXAM, JON LAL PEARCE §
and JIM RITTENBURG, §
§
Plaintiff-Below, Appellants, § Court Below: Court of Chancery
§ of the State of Delaware
v. §
§ C.A. No. 2020-0657
THE CARLYLE GROUP INC., §
CARLYLE U.S. GROWTH FUND III §
L.P., CARLYLE U.S. GROWTH FUND §
III AUTHENTIX HOLDINGS, L.P., §
CARLYLE INVESTMENT §
MANAGEMENT L.L.C., TCG §
VENTURES III, L.P., BERNARD C. §
BAILEY, STEPHEN W. BAILEY and §
MICHAEL G. GOZYCKI §
§
Defendants-Below, Appellees. §

Submitted: October 22, 2025
Decided: November 5, 2025

Before VALIHURA, TRAYNOR, and GRIFFITHS, Justices.

ORDER

NOW this 5th day of November 2025, the Court having considered this matter on the

briefs and oral arguments of the parties and the record below and having concluded that

the same should be affirmed on the basis of and for the reasons assigned by the Court of

Chancery in its Memorandum Opinion dated January 7, 2025 and its Final Order and

Judgment dated February 13, 2025;
NOW THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery

be AFFIRMED.

BY THE COURT:

/s/ Karen L. Valihura
Justice

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