News Release

The Carlyle Group Acquires Significant Minority Stake in DEE Piping Systems

2015-061

Carlyle’s Global Resources and Sectoral Expertise to Support Company’s Growth and Expansion

New Delhi, India, August 17, 2015 – Global alternative asset manager The Carlyle Group (NASDAQ: CG) has acquired a significant minority stake in Faridabad, India-based DEE Piping Systems (incorporated as DEE Development Engineers Limited), a company that provides design, detailed engineering and fabrication of high-quality pressure piping systems to clients across diversified industries such as power, process and oil & gas. Equity for the transaction came from First Carlyle Ventures III, whose affiliate is advised by The Carlyle Group. Carlyle’s investment has been made through a mix of primary infusion in the Company and purchase of secondary stake from other investors.

K. L. Bansal, Founder, Chairman and Managing Director of DEE Piping, said: “The Company has emerged as a significant player in the global pre-fabricated piping industry by virtue of being the largest non-captive pressure piping systems provider in India and amongst the top 10 in the world. We are extremely happy to partner with Carlyle. 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.”

Shankar Narayanan, Managing Director and Co-Head of the Carlyle Asia growth capital team, said: “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. We are excited to partner with DEE Piping and will leverage Carlyle’s global resources and deep industry expertise to support the growth and expansion of the Company.”

The Carlyle Group has invested $1.3 billion of equity in more than 30 transactions in India as of June 30, 2015.

 

About DEE Piping Systems

Founded in 1983, DEE Piping Systems provides design, detailed engineering and fabrication of high-quality pressure piping systems to clients across diversified industries such as power, process and oil & gas. The Company’s manufacturing range includes high pressure piping systems, induction pipe bends, pipe fittings, pressure vessels, hanger & support and other tailor-made fabricated components. The Company specialises in alloy steel P91, P92 piping fabrication along with air quench P91 induction bend technology and also offers a wide range of engineering services for advanced piping solutions.

DEE Piping is an ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 certified company and a certified manufacturer of pipe spools and pipe fittings under the purview of Pressure Equipment Directive (PED) norms, ASME Code Stamp Piping, IBR and other industrial standards.

The Company has a state-of-the-art infrastructure with an installed capacity of 36,000 MT in Palwal District, Haryana adjoining Faridabad, an engineering office in Chennai and sales representation across the globe.

 

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $193 billion of assets under management across 128 funds and 159 fund of funds vehicles as of June 30, 2015. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,700 people in 35 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

 

 

Media contacts:

 

The Carlyle Group

Tammy Li

Phone: +852 2878 5236

tammy.li@carlyle.com

 

Brian Zhou

Phone: +86 10 57067070

brian.zhou@carlyle.com

 

Sahjahan Ally Nauthoo

Director

First Carlyle Ventures III

carlyle@cimglobalbusiness.com

 

DEE Piping Systems

Krishan Lalit Bansal

kl.bansal@deepiping.com

 

Adfactors PR

Manibalan Manoharan

Phone: +91 22 6757 4275

manibalan.manoharan@adfactorspr.com

 

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