By John Glenday

The Getty family have revealed their intent to purchase a majority stake in Getty Images from The Carlyle Group, bringing a decade-long spell under private equity control to a close.

Including a significant debt pile, the deal reportedly values Getty at less than $3bn, below the $3.3bn valuation made by Carlyle when it bought its own majority stake of just over 50% from another private equity firm, Hellman & Friedman, six years ago.

Under the terms of the deal, the Getty family will purchase Carlyle’s equity stake for $250m in cash while rolling over around $2.35bn Read full story ›

Source: The Drum