Carlyle buys into India's Newgen for a second time
The Carlyle Group has acquired a 54.85% stake in India-based publishing and technical services provider Newgen KnowledgeWorks for $32.8 million via a secondary transaction. This is the second time it has invested in the company.
The exiting investors are Franklin Templeton Private Equity, Aureos South Asia Fund - now managed by The Abraaj Group - and ePlanet Capital. According to AVCJ Research, they bought a 60% interest in Newgen...
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