Carlyle $175 million acquisition of New Silk Road Advisors

Overview:

• Carlyle has acquired fellow private equity firm New Silk Route Advisors (NSR) from Destimoney Enterprises for $175 million.
• The deal was completed through Quality Investment Holdings Mauritius.
• It also involved the acquisition of a 49% stake in Punjab National Bank Housing Finance.
• Linklaters acted for Carlyle alongside AZB & Partners as Indian counsel.
• Kirkland & Ellis acted for NSR alongside Economic Laws Practice as Indian counsel.