Carlyle buys majority stake in VLCC for $300 million

Bengaluru, January 10 Private-equity firm Carlyle Group has acquired a majority stake in beauty care and wellness solutions provider VLCC for around $300 million, two sources said on Tuesday. The equity for the transaction will come from funds managed and...

Tribune Web Desk

Updated At : 05:09 PM Jan 11, 2023 IST

Bengaluru, January 10

Private-equity firm Carlyle Group has acquired a majority stake in beauty care and wellness solutions provider VLCC for around $300 million, two sources said on Tuesday. The equity for the transaction will come from funds managed and advised by entities affiliated with Carlyle Asia Partners, Carlyle said, without specifying a deal value. A Carlyle spokesperson declined to comment.

VLCC’s online sales — up from 7% of total sales to 22% in the three years — would help the beauty products brand gain a distinct value proposition, Amit Jain, MD and co-head of Carlyle India, said on Tuesday. — Reuters

Carlyle buys majority stake in VLCC for $300 million

Tribune Web Desk

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