Carlyle Group, a private equity firm, agreed to acquire a majority stake in Garnica Plywood, a manufacturer of premium plywood solutions, from Intermediate Capital Group, a private equity firm, for $500m. "I would like to thank ICG for their support over the past six years during a period of significant change for our business. Moving forward, we are delighted to announce this partnership with Carlyle, with its outstanding track record of working with and growing leading Spanish businesses, as we look to the next chapter of Garnica’s growth by further internationalizing the business and looking to unlock more growth through strategic investments," Pedro Garnica, Garnica Founder and President.