WASHINGTON — The Carlyle Group and Getty Images management have paid $3.3 billion to buy Getty Images from San Francisco-based investment firm Hellman & Friedman.
Washington-based Carlyle will have a majority stake in Getty Images, while Getty Images cofounder Mark Getty and the Getty family will maintain an ownership interest, according to a statement. Getty cofounder Jonathan Klein will also hold a significant investment in the firm.
Founded in 1973, Seattle-based Getty is a photo agency with a voluminous archive of still images and film stock footage that it supplies to businesses and consumers.
The Getty acquisition is the latest in a flurry of deals by Carlyle. Last week, the firm bought a controlling interest in TCW Group from Societe Generale. Carlyle and TCW management and employees are thought to have paid about $700 million in cash, and some debt, according to people familiar with the transaction.
Last month, the private equity firm bought Hamilton Sundstrand’s industrial pumps business from parent United Technologies for $3.46 billion. Two days before that, Carlyle partnered with Genesee & Wyoming in a $1.4 billion acquisition of RailAmerica.
On July 2, Carlyle bought Sunoco’s more than 100-year-old refinery in Philadelphia, which preserved 1,000 jobs.
Carlyle shares closed down 3 cents at $24.90 Wednesday. The stock is up more than 10 percent since its May debut on the Nasdaq