Carlyle Group (CG), Getty Images Management to Acquire Getty Images in $3.3B Deal

Article Stock Quotes (1) Comments (0)

The Carlyle Group (NASDAQ: CG) and Getty Images management announced today they have formed a partnership to acquire Getty Images, Inc., a global creator and distributor of still imagery, video and multimedia products, from Hellman & Friedman for $3.3 billion. Carlyle will acquire a controlling stake in Getty Images, while Getty Images Co-Founder and Chairman Mark Getty and the Getty family will roll substantially all of their ownership interests into the transaction. Getty Images management, including Co-Founder and Chief Executive Officer Jonathan Klein, will also invest significant equity in the company.

Carlyle Partners V, a $13.7 billion U.S. buyout fund, will provide equity financing for the investment. J.P. Morgan, Barclays, Credit Suisse, Goldman Sachs and RBC Capital Markets have provided committed debt financing for the transaction. The transaction is subject to customary regulatory approvals and is expected to close in 2012.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: UBS Downgrades The Carlyle Group LP (CG) to Neutral
• Warburg Pincus Raises $11.2B for New Global Private Equity Fund
• Actavis (ACT) Said to be in Talks to Acquire Warner Chilcott (WCRX)

Create E-mail Alert Related Categories

Hot List, Hot M&A, Mergers and Acquisitions, Private Equity

Related Entities

Credit Suisse, JPMorgan, RBC Capital, Hellman & Friedman LLC, The Carlyle Group, Barclays

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?