Carlyle completed the acquisition of a 60% stake in VLCC.

Carlyle, an American multinational private equity firm, completed the acquisition of a 60% stake in VLCC, a provider of beauty and wellness services. Financial terms were not disclosed. The VLCC, which kicked off as a weight-loss company, has undergone a significantly progressive transformation evolving into a beauty and personal care business. Annually, over half of the generated revenue has amounted to serums, face packs, shampoos, oils, henna, sunscreens, body butter, and vitamin C serums.