Paul Hastings LLP, a leading global law firm, announced today that that the firm represented EIG Global Energy Partners (“EIG”), a leading institutional investor to the global energy sector, in connection with the settlement of a lawsuit filed by EIG challenging the proposed acquisition of The TCW Group by certain investment funds operated by The Carlyle Group.
Under the terms of its settlement agreement with TCW, EIG will assume sole and exclusive management responsibility for all investment funds previously managed by it while still a division of TCW, as well as all future investment funds organized by EIG. EIG currently has approximately $10 billion in investment funds under management. Additionally, EIG will terminate a Federal court injunction previously obtained by EIG challenging portions of the pending acquisition of TCW from majority owner, Societe Generale SA, by investment funds operated by The Carlyle Group LP. Under the terms of the settlement, EIG will now assist TCW and Carlyle in requesting consent by EIG’s investors to the proposed TCW acquisition, to the extent such consent is required.
Paul Hastings M&A partners Robert Miller and Rob Carlson led the Paul Hastings team, which also included associate Lisa Tran.
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