<div><em>The investment was made through a mix of primary infusion and a purchase of secondary stake from Banyan Tree Growth Capital, writes <strong>Paramita Chatterjee </strong></em></div><div><br>Carlyle, one of the world's largest private equity groups, acquired a significant minority stake in Faridabad-based DEE Piping Systems from its existing investor Banyan Tree Growth Capital. The deal size could not be ascertained.</div><div> </div><div>The investment has been made through a mix of primary infusion into the company and a purchase of secondary stake from Banyan Tree Growth Capital, as per a statement released by the company. Banyan Tree Growth Capital along with Capvent invested Rs 50 crore in DEE Piping Systems in 2011.</div><div> </div><div>Founded in 1983, DEE Piping Systems is a significant player in the global pre-fabricated piping industry. It provides design, detailed engineering and fabrication of high-quality pressure piping systems to clients across diversified industries such as power, process and oil & gas. "We expect to leverage Carlyle’s international brand equity, global resources and strong sectoral expertise to further grow and diversify our business domestically as well as globally,” said K.L. Bansal, chairman and managing director, DEE Piping.</div><div> </div><div>Boutique advisory firm o3 Capital acted as the sole advisor to DEE Piping Systems.</div><div> </div><div>“DEE Piping has built an extremely successful business with strong capabilities across multiple dimensions - deep relationships with its marquee customers, state-of-the-art infrastructure, comprehensive product and service offering, a pool of skilled workforce, and a consistent track record of timely delivery of quality products,” said Shankar Narayanan, managing director and co-head, Carlyle Asia Growth Partners.</div><div> </div><div>Globally, Carlyle has over $193 billion of assets under management. It forayed in India in 2000 and since then, it has invested over $1.3 billion of equity in more than 30 transactions across various verticals such as consumer & retail, financial services, healthcare, industrial, real estate, and technology & business services.</div>
