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Slide #19. The Carlyle Group — Diversified Global Asset Management
Acquirer:
The Carlyle Group (NASDAQ:CG)
Acquiree:
Diversified Global Asset Management
Details:
Global alternative asset manager The Carlyle Group (NASDAQ:CG) today announced that it has agreed to acquire Diversified Global Asset Management Corporation (DGAM), a global manager of hedge funds with more than $6.7 billion in managed and advised assets. Equity for the transaction will come from Carlyle's balance sheet. The transaction is expected to close in February 2014.
Carlyle Group is an investment firm with industry capabilities that deploys private capital across three business segments: Global Private Equity, which advises its buyout and middle market and growth capital funds, its U.S. and internationally focused real estate funds, its natural resources funds, and its Legacy Energy funds; Global Credit, which advises a group of funds that pursue investment strategies including loans and structured credit, direct lending, infrastructure debt, insurance solutions and global capital markets; and Global Investment Solutions, which advises global private equity programs and related co-investment and secondary activities across various fund vehicles.
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Buy (2.81 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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