Carlyle completes buyout of SocGen's TCW

PARIS Wed Feb 6, 2013 12:34pm EST

Related Topics

PARIS Feb 6 (Reuters) - Private-equity group Carlyle said it had completed a deal to buy French bank Societe Generale's Los Angeles-based asset-management arm, TCW, alongside the unit's management.

No financial terms were disclosed in Carlyle and TCW's joint statement released on Wednesday. People familiar with the matter told Reuters late last year that the deal could value TCW at about $700 million.

(Reporting by Lionel Laurent; Editing by Christian Plumb)