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Response to Tansy_Gold (Original post)

Mon Aug 13, 2012, 02:57 PM

46. Carlyle Group to buy TCW from Societe Generale

http://www.washingtonpost.com/business/economy/carlyle-group-to-buy-twc-from-societe-generale/2012/08/09/f220d068-e23e-11e1-a25e-15067bb31849_story.html

The Washington-based Carlyle Group on Thursday said it was acquiring TCW Group from Societe Generale.

TCW will become a Carlyle portfolio company in Carlyle Global Financial Services Partners, a $1.1 billion financial services fund, and Carlyle Partners V, a $13.7 billion U.S. buyout fund, according to the announcement.

The Los Angeles-based TCW Group, originally known as the Trust Company of the West, was founded in 1971 and is a diversified asset-management firm with about $130 billion under management.

Financial terms were not publicly disclosed, but Carlyle’s funds and TCW management and employees are believed to have paid about $700 million in cash, and some debt, according to people familiar with the transaction...

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