Carlyle (NASDAQ: CG), a global investment firm, announced it will buy up to a 10% share in Yes Bank, one of the largest and fastest-growing full-service commercial banks in India, as part of a roughly $1.1 billion capital raise. The bulk of the equity for the deal will come from Carlyle Asia Partners, a $6.6 billion investment fund that is primarily focused on buyout, strategic, and growth equity investments across a variety of sectors in the Asia Pacific region. Carlyle wants to help Yes Bank expand its retail and transactional banking, as well as its digital payments platforms, by leveraging its extensive experience in the financial services industry in Asia and India. As of June 30, 2022, Carlyle had invested more than US$5.5 billion in equity across more than 40 deals in India, where it has been making investments for more than 20 years.
Carlyle to Invest Up to a 10% Stake in YES BANK, One of the Largest Private Sector Banks in India
