Carlyle to buy Diversified Global Asset Management Corp.
The Carlyle Group has agreed to acquire Diversified Global Asset Management Corporation. Financial terms weren't announced. Toronto-based Diversified Global is a manager of hedge funds with more than $6.7 billion in managed and advised assets. Carlyle said it is using equity from its balance sheet to fund the deal, which is expected to close in February 2014. Goldman, Sachs & Co. was financial advisor to Diversified Global Asset Management.
26 November 2013•3 mins read
