Carlyle Group invests USD 41.1 mn in Great Offshore

Mumbai, July 26 (UNI) Global private equity firm, Carlyle Group, has invested USD 41.1 million in Mumbai-headquartered Great Offshore.

The investment comes from Carlyle Asia Growth Capital Partners, a USD 680 million fund that invests in high growth companies in India, China, Japan and Korea, according to a press release here today.

Mr Shankar Narayanan, managing director and head of Carlyle's Growth Capital team in India, said in the statement, ''Great Offshore is well poised for a tremendous growth in size and profitability, enabled by a strong management team, a relatively underleveraged balance sheet and a favourable macro environment.'' UNI