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Carlyle invests USD20m in Chinese women’s fashion house

Global private equity firm The Carlyle Group has announced a USD20m investment in Ellassay, a high-end Chinese women’s fashion house. The investment, funded by Carlyle Asia Growth Partners, will enhance Ellassay’s product development, brand building, market expansion, business ties and the overall management. Further financial details were not disclosed.  

3i concludes investment in Little Sheep

Private equity firm 3i has announced the divestment of its 11.32 per cent stake in China’s hotpot restaurant chain, Little Sheep Group, to Yum! Brands.

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