The Carlyle Group (Nasdaq: CG) is making a minority investment in Beats Electronics LLC, an audio brand.

Beats, headquartered in Santa Monica, Calif., was founded by record producer and rapper Andre Young, known as Dr. Dre, and music label Interscope Geffen A&M Records’ chairman Jimmy Iovine, in 2008. The company makes headphones, earphones, speakers and software technology. The company says it has a 64 percent market share in the $100 plus headphone category in North America.

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