Announced
Completed
Financials
Sources
Tags
Health Care Services
Single Bidder
Private
Cross Border
Acquisition
Majority
Wellness and Fitness Services
Private Equity
Friendly
India
Completed
Synopsis
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.
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