Investments · Asset management
Nippon Life buys 24.75% of Los Angeles asset manager TCW from Carlyle
- Investor
- Nippon Life Insurance (Osaka)
- In
- TCW Group, Los Angeles, California
- Value
- About ¥55B / about $488M (media report)
- Status
- Completed in December 2017.
- Date
- 2017-12-01
Nippon Life Insurance bought a 24.75% stake in TCW Group, a Los Angeles asset manager, from Carlyle Group. The price was not disclosed; media reports citing people familiar with the deal put it at about ¥55 billion, or about $488 million.
Why it matters
The stake adds a US fixed-income manager to Nippon Life's overseas asset management holdings.
Sources
Kakehashi M&A News home
