The Carlyle Group announced on Wednesday that it had reached a deal to acquire Getty Images, the well-known distributor of photography, video and multimedia products, from Hellman & Friedman for $3.3 billion.
The private equity firm will take a controlling stake in Getty Images, while the co-founder and the chairman of Getty Images, Mark Getty, and the Getty family will roll substantially all their ownership interests into the acquisition. Other top Getty Images executives, including Jonathan Klein, co-founder and chief executive, will also invest significant equity in the company.
As DealBook reported on Tuesday, Carlyle had been bidding against other private equity firms, including CVC Capital Partners, for Getty Images. Hellman & Friedman had acquired the company in 2008 for about $2.4 billion.
“This partnership with the Carlyle Group reflects and bolsters our ongoing strategy, strong management team and the talent of our dedicated employees,†Mr. Klein said in a statement.
JPMorgan Chase, Barclays, Credit Suisse, Goldman Sachs and RBC Capital Markets are providing debt financing for the deal, which is expected to close later this year.
