Carlyle’s Deal to Acquire TCW Group Is Cleared of EIG Opposition

EIG Global Energy Partners LLC, the firm that filed suit last year over Carlyle Group LP’s announced acquisition of TCW Group Inc., now supports the deal in a reversal the companies say will allow it to be completed.

EIG, an asset manager spun off from Los Angeles-based TCW, said in an August complaint that it would face irreparable harm by the acquisition. EIG operates a fund jointly with TCW and the deal would give Carlyle, a direct competitor in energy investments, access to EIG’s sensitive information, the company said at the time. EIG and Carlyle are based in Washington.