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Carlyle fund invests in China and India

(Dow Jones)
Updated: 2006-03-21 16:25

Private-equity firm Carlyle Group L.P. sealed two new investment deals in China and India worth US$45 million, the Financial Times reported on its website.

Under the deals, the company's Asia Growth Capital Group will put US$25 million into Credit Orienwise, an intermediary between Chinese state banks and private companies, and US$20 million into Claris Lifesciences, an Indian pharmaceuticals company. The deals are expected to be announced shortly, the newspaper said.

Claris already sells to 65 countries but to expand its sales in the US and Europe it will need new capital.