Nippon Life Eyes 20% Stake in TCW from Carlyle Group

Posted on 09/27/2017


Nippon Life Insurance Company is in negotiations with The Carlyle Group LP for a 20% stake in TCW Group Inc., a Los Angeles-based fixed income shop. The deal could value TCW at US$ 2.25 billion, if Nippon would pay roughly 50 billion JPY for the stake. 40% of TCW is owned by its management and […]