The Carlyle Group has put $25 million in to India’s Visen Industries Ltd, a maker of water-based polymer emulsions, Reuters reported. Terms of the deal were not released. The firm invested from its $1 billion Carlyle Asia Growth Partners IV, which is focused on high-growth companies in India, China and Korea.
(Reuters) – Private equity firm Carlyle Group said on Thurdsay it had invested $25 million in India’s Visen Industries Ltd, a maker of water-based polymer emulsions.
Visen makes polymers used in paints, textiles, adhesives and construction.
Carlyle’s investment is from its $1.0 billion fund, Carlyle Asia Growth Partners IV (CAGP IV).
CAGP IV invests in high growth companies in key Asian markets such as India, China and Korea.
(Reporting by Stephen Aldred; Editing by Anshuman Daga)