Carlyle invests in Fabindia, Wolfensohn exits
The Carlyle Group has outbid its private equity competitors to buy a stake in Fabindia, in a deal which values the ethnic wear chain at INR14 billion ($286 million).
The transaction, realized via an INR2 billion capital increase and the provision of replacement capital, enables US-based Wolfensohn Capital Partners to exit its 8% stake in the firm. Other investors...
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