💰Nippon Life to buy 25 percent of U.S. asset manager TCW from Carlyle.
Nippon Life Insurance Co. has reached a deal to acquire 24.75 percent of U.S. investment firm TCW Group Inc. from U.S. asset manager Carlyle Group LP, the companies said recently.
While terms were not disclosed, a person with direct knowledge of the matter said the company, Japan’s biggest private-sector life insurer, would pay about ¥55 billion ($488.37 million).
Nippon Life and Carlyle declined to comment on the price.
The Japan Times