* No financial terms disclosed
* Deal to lift SocGen's Basel III capital by 0.14 pts
(Adds SocGen statement)
PARIS Feb 6 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.
SocGen - which in addition to TCW has struck deals to sell
its Greek and Egyptian subsidiaries to bolster its balance sheet
- said the TCW sale would lift its closely watched capital ratio
under Basel III rules by 0.14 percentage points.
(Reporting by Lionel Laurent; Editing by Christian Plumb)