Carlyle Investing in TCW
August 13, 2012- Share:
The Carlyle Group and the management of The TCW Group have agreed to acquire TCW from Société Générale. Carlyle's equity investment will be made through its Carlyle Global Financial Services Partners and Carlyle Partners V funds. TCW is a diversified asset management firm offering U.S. equities and fixed income, international and alternative strategies. Through the transaction, TCW will become an independent firm, and its management and employees will increase their ownership to about 40%.
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