Carlyle Group LP agreed to buy TCW Group Inc. from Societe Generale SA in a deal that will give TCW's management and employees a 40 percent stake.
Carlyle will fund the purchase of the $127 billion money manager through two of its private-equity funds and with money from TCW's management, according to a joint statement today from the Washington-based private-equity firm and the Los Angeles- based asset manager. Financial terms of the deal weren't disclosed.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access