Banking, finance, and taxes
Private Equity Giant Carlyle Set To Announce TCW Purchase
Published:
Last Updated:
The Carlyle Group LP (NASDAQ: CG) is set to diversify its private equity business by purchasing TCW (Trust Company of the West) from Societe Generale. Whether this is a full buyout or a majority stake is still mixed in reporting. Bloomberg reported on Bloomberg TV that this is a majority stake purchase that could come as soon as today. As this is “people familiar with the situation” we would caution that no inked deal has been formally announced by the companies. With the voracity of the reporting on this it is far stronger than an unconfirmed market rumor, but we would still not bank on the validity of the deal until a formal deal has been announced.
The Wall Street Journal was earlier reporting that Carlyle was acquiring the asset management firm as a portfolio company. So that means we have conflicting reports initially. Then the WSJ has a note that TCW employees will be raising their stake in the firm.
Stay tuned.
JON C. OGG
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.