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The Carlyle Group (NYSE:CG): Closing price $27.91
The TCW Group, EIG Global Energy Partners and worldwide alternative asset manager The Carlyle Group have jointly announced an accord under which EIG is now supportive of the purchase of TCW by investment funds affiliated with Carlyle and TCW management, and will aid TCW in securing investor consents for the transaction. Further, the firm will maintain its economic interest in existing EIG-managed funds, while the latter will assume full management responsibility for the Funds as general partner and investment manager. EIG will buy TCW’s economic interest in future EIG-managed Funds, which completes the consensual spin-off from TCW that was announced in January of 2011. The transaction should close in the near future. Shares closed up 3.37 percent on the day at $27.91, having been traded in a 52-week range of $20.00 to $27.90.
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