Carlyle Takes Minority Stake in Penti
Private equity firm Carlyle is to take a minority stake in Penti, as Turkey’s largest maker and retailer of lingerie and swim wear looks to expand internationally. The size of the stake and the value of the investment were not disclosed, though some Turkish press reports have placed a value of about $450 million on Penti, Reuters wrote. Istanbul-based Penti has a 45% share of Turkey’s hosiery market and is one of Europe’s largest makers of underwear and swimwear.
Reuters article: http://www.pehub.com/166431/reuters-carlyle-takes-minority-stake-penti/
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