Carlyle Snaps Up Getty For $3.3B From Hellman

Law360, New York (August 15, 2012, 2:04 PM EDT) -- The Carlyle Group LP has made a $3.3 billion deal with the management team of Getty Images Inc. to take over the multimedia content distributor from private equity-backed owner Hellman & Friedman LLC, the companies announced Wednesday.

Using the $13.7 billion Carlyle Partners V buyout fund for the deal, Carlyle will snag a controlling stake in Getty Images, while the company's co-founding family will roll nearly all of their ownership interests into the transaction. A consortium of JPMorgan Chase & Co., Barclays PLC, Credit Suisse Group...
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