Carlyle Group LP is in talks to sell a stake in bond manager TCW Group Inc. to bidders including Japan’s Nippon Life Insurance Co. and Mitsubishi UFJ Financial Group Inc., according to people familiar with the matter. The private-equity firm, which bought 60% of TCW from French bank Société Générale SA in 2013, has been exploring the sale of at least part of its stake for months. MUFG, as it is known, emerged as a potential buyer of the $200 billion asset manager after discussions with Nippon were already under way, the...

Source: Wall Street Journal September 27, 2017 16:32 UTC