EIG Global Energy Partners is Granted Federal Injunction Blocking Proposed TCW-Carlyle Transaction

  EIG Global Energy Partners is Granted Federal Injunction Blocking Proposed
  TCW-Carlyle Transaction

Business Wire

WASHINGTON, D.C. -- December 01, 2012

EIG Global Energy Partners (EIG) today announced that it has been granted an
injunction by the U.S. District Court in the Central District of California
blocking the proposed acquisition of The TCW Group by investment funds managed
by the Carlyle Group, together with TCW’s management, from Société Générale of
France pending the resolution of a related arbitration claim filed by EIG. In
granting the injunction, the Court found that EIG “had a strong likelihood of
success on the merits as against both TCW and TAMCO.” EIG’s complaint alleged
that the proposed transaction runs-afoul of certain consent rights granted to
EIG as part of its consensual spin-out from TCW in 2009.

R. Blair Thomas, Chief Executive Officer of EIG said, “We’re obviously very
pleased with the Court’s decision and agree completely with the Court’s
analysis of the law and facts at issue in this matter. It’s unfortunate that
it has come to this but each of TCW, Carlyle and Société Générale were fully
aware of this issue when they decided to recklessly announce a transaction
that infringes upon our rights.”

EIG is a leading institutional investor to the global energy sector with $10.3
billion under management as of September 30, 2012. EIG specializes in private
investments in energy, resources and related infrastructure and was formerly
the Energy & Infrastructure Group of Trust Company of the West. During its
30-year history, EIG has invested over $14 billion in the sector through more
than 290 projects or companies in 33 countries on 6 continents. EIG’s clients
include many of the leading pension plans, insurance companies, endowments,
foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is
headquartered in Washington, DC, with offices in Houston, London, Sydney, Hong
Kong, Seoul and Rio de Janeiro.

EIG is represented in this litigation by the law firm of Munger, Tolles &
Olson LLP.

Contact:

APCO Worldwide
Kamilia Butler-Peres, 646-361-6652
kperes@apcoworldwide.com
www.eigpartners.com
 
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