Bain Capital Partners

Goldman Sachs will pay $67m and Bain Capital Partners LLC will pay $54m to settle their portions of a lawsuit accusing several of the world's largest private equity firms of conspiring not to outbid each other on companies they sought to buy.

Goldman Sachs and Bain Capital Partners are set to defend what they call legitimate private-equity practices against investor claims that buyout firms and their bankers colluded to rig bids on takeovers.