Carlyle invests $140 mn in Tirumala Milk, 3 Asian cos

Global private equity firm Carlyle Group today said it has invested $140 million (over Rs 650 crore) for equity stake in four Asian companies, including India's Tirumala Milk Products.

The US-based PE major released a statement announcing the closure of four growth capital investments across Asia, including South India's second-largest private dairy player Tirumala Milk Products, China's largest ATM deployer ATMU Inc and two Korean companies, HKucar Global Co and EO Technics.

Commenting on the investment, Wayne Tsou, managing director and head of CAGP said: "It reflects the proven abilities of our seasoned local investment professionals in each of the focused markets to seize attractive investment opportunities."

The investments were made by Carlyle Asia Growth Capital Partners IV (CAGP IV) Fund. However, the PE firm did not specify the amount it invested in each company.

The Carlyle Asia Growth Capital Fund closed in June last year with $1.04 billion capital. Its investment portfolio spread across companies in China, India, Korea and other key Asian markets.