Carlyle sells majority stake in Newgen to PE consortium
The Carlyle Group has sold its majority stake in Chennai-based publishing and data services firm Newgen to a private equity consortium comprising Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital. Financial details were not disclosed.
First Carlyle Ventures III has held the stake in Newgen - estimated to be as much as 65% - since 2004, having reportedly bought it for just under $10 million. The company has been in operation since...
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