Nippon Life Reaches Agreement on TCW Minority Stake

Posted on 12/03/2017


Nippon Life Insurance Company has agreed to buy a 24.75% minority stake in TCW Group Inc, a Los Angeles-based fixed income shop, from The Carlyle Group LP. The Japanese life insurer has been in months-long negotiation for the ownership interest that was originally at 20%. Carlyle Group owns the TCW stake through two funds, Carlyle […]