Gioia, Ashiru join TCW Group

The TCW Group said Monday that Frank Gioia joined the firm’s Compliance department as SVP and Head of Investment Control. Gioia was previously the Compliance Product Manager for Charles River Development. Dipo Ashiru has also joined TCW as a Senior Vice President and Associate General Counsel. Ashiru was previously with KKR, where he served as an adviser and senior counsel.

EIG Global Now Supports Carlyle’s Buy of TCW

EIG Global Energy Partners now supports the Carlyle Group‘s pending buy of TCW Group, according to an agreement announced by the firms Wednesday. Terms of the agreement call for EIG to publicly support, and assist TCW in securing investor consent, for the sale. TCW will also maintain its economic interest in existing EIG-managed funds, while EIG will assume full management responsibility for the Funds as general partner and investment manager. EIG last summer sued to stop Carlyle’s buy of TCW Group, claiming that the deal would give Carlyle access to EIG’s information , according to the Wall Street Journal. The TCW-Carlyle trandsaction is on track to close in the near future, the statement says.

Carlyle Inks Buy of TCW Group

The Carlyle Group announced Thursday that it’s buying The TCW Group from Société Générale. Financial terms weren’t announced.TCW’s management and employees will boost their stake in the asset management firm to about 40% on a fully diluted basis. The deal is exepcted to close in first quarter. Carlyle’s investment in TCW will come from two […]

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