Carlyle Group buying TCW from Societe Generale
Private equity firm Carlyle Group has agreed to buy TCW Group, a US money management firm, from French bank Societe Generale in a deal that will raise TCW employees' stake in the firm to about 40 percent.
Carlyle Group, the world's second- biggest buyout firm, sold another $1.8 billion of China Pacific Insurance Co. shares, continuing its exit from the five- year investment.