CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Carlyle Group, an United States(US) based private equity firm acquired how much stake in SeQuent Scientific Limited, the largest animal healthcare company from India?
A
64%
B
54%
C
44%
D
74%
Explanation: 

Detailed explanation-1: -Carlyle to take over SeQuent Scientific in its biggest India control deal. Private equity firm Carlyle has agreed to acquire up to 74% of animal healthcare company SeQuent Scientific Ltd for Rs 1, 580 crore (about $210 million) in what would be its biggest control-oriented deal in India.

Detailed explanation-2: -About. The Carlyle Group has made 297 investments. Their most recent investment was on Jan 18, 2023, when Pathalys Pharma raised $150M . The Carlyle Group has made 7 diversity investments.

Detailed explanation-3: -Carlyle was founded in 1987 by its three founders – Bill Conway, Dan D’Aniello, and David Rubenstein. The Carlyle Group manages $373 billion in assets under management investing in Global Private Equity, Global Credit and Global Investment Solutions as of December 31, 2022.

Detailed explanation-4: -Founded in 1987, the Carlyle Group is a global alternative asset manager investing in corporate private equity, real assets, global market strategies and investment solutions. Carlyle dropped to sixth in this year’s PEI 300, from fourth in 2021.

There is 1 question to complete.