Carlyle to buy 40% stake in Spanish denim manufacturer Jeanologia.

The Carlyle Group has acquired a 40% stake in Jeanologia, a Spanish maker of denim manufacturing equipment, in a deal that values the company at €150m ($169m). Washington-based Carlyle bought the stake from Spanish private equity group MCH, which acquired a minority stake in 2016. The buyout fund is expected to grow the brand internationally and expand its research & development efforts. As part of the deal, Carlyle’s Alex Wagenberg, who was behind the recent acquisition of Spanish cava maker Codorniu, will join the board of Jeanologia.