Deals
Carlyle Buys Getty Images From Hellman & Friedman
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Carlyle Group LP, the world’s second-largest private-equity firm, agreed to buy photo archive Getty Images Inc. from Hellman & Friedman LLC in a deal valued at $3.3 billion.
Carlyle will acquire a controlling stake in the company, while Getty co-founder and Chairman Mark Getty and the Getty family will roll “substantially all” of their ownership interests into the transaction, Washington-based Carlyle said today in a statement. Getty Images’ management, including co-founder and Chief Executive Officer Jonathan Klein, will also invest “significant equity” in the company, Carlyle said.