The Carlyle Group Signs an Agreement to Acquire a Significant Minority Stake in Penti (CEE and CIS)

Source: The Carlyle Group

Global alternative asset manager The Carlyle Group has announced an agreement to acquire a minority stake in Turkish hosiery manufacturer and retailer Penti. The equity for the investment will come from Carlyle MENA Partners, a US$500 million private equity fund focused on the MENA region. Carlyle plans to invest in enhancing the resources and facilities for Penti’s customers. Financial terms of the transaction were not disclosed.