Global investment firm Carlyle has agreed to sell its majority stake in Cupa Group (Cupa), an international producer of premium natural slate, to Brookfield and its institutional partners.
The financial details of the transaction, which is subject to customary regulatory approvals, have not been disclosed.
Carlyle invested in Cupa in October 2016 through Carlyle Europe Partners IV (CEP IV), a European-focused, upper mid-market buyout fund. During Carlyle’s period of ownership, Cupa has delivered exceptional growth organically, through product innovation and a focus on green renovation, as well as through seven acquisitions.
Read more: Private Equity Wire
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