The Carlyle Group first announced its intention to acquire Getty Images in August, in a transaction valued at around $3.3bn. The deal came four years after Hellman & Friedman bought Getty Images for $2.4bn.
The acquisition has now been completed, with The Carlyle Group taking a controlling stake in Getty Images, and the agency's co-founder and chairman Mark Getty, the Getty family and CEO Jonathan Klein investing equity in the company.
In a press statement, Klein welcomes the deal: "We are pleased to announce the completion of this transaction in partnership with The Carlyle Group. The Carlyle Group's global resources and network will be a great help to us as we move Getty Images forward into the next phase of our development and growth."
Eliot Merrill, managing director of The Carlyle Group, asks: "In the last seventeen years, Getty Images has established itself as a leading digital media company and a business steeped in innovation. We look forward to partnering with Getty Images' experienced and talented management team in expanding the company's global footprint."
For more on the deal, read BJP's full coverage:
Getty Images sells for $3.3bn - 15 August 2012
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