Asset manager the Carlyle Group (Nasdaq: CG) has invested about $33 million for a majority stake in Newgen KnowledgeWorks Private Ltd.
Chennai, India-based Newgen provides publishing and technical services, including content sourcing, content creation, project management, author liaison, development editing, copyediting, design, artwork, permissions, e-book delivery and more, publishing companies.
Carlyle is picking up about 55 percent of the company sold by Franklin Templeton Private Equity Strategy, Aureos South Asia Fund and ePlanet Capital. The firm had previously invested in the company in 2004, but exited in 2011.
Carlyle has invested about $1.1 billion in equity in about 30 deals in India since 2000, according to the company. The Washington, D.C.-based group recently closed a new collateralized loan obligation fund with $512 million, earlier in December. In November, the firm led a group of co-investors in the $700 million acquisition of Dealogic, which provides data for financial institutions.