The Carlyle Group Acquires Minority Shareholding in Jeanologia, a Spanish Developer of Eco-Efficient Technologies for the Global Apparel & Textile Industry
Investment will support the company’s growth and continued development of disruptive sustainable technologies
London, Valencia - Global investment firm The Carlyle Group (NASDAQ: CG) today announced it has acquired a significant minority share in Jeanologia, a developer of eco-efficient technologies for the denim industry. Jeanologia has developed a strategic plan to significantly reduce the use of water and the production of toxic waste from the global textile industry within the next five years.
Equity for the transaction comes from Carlyle Europe Partners (CEP) V. Carlyle acquired its shareholding from MCH Private Equity, who will retain a minority stake in the company.
Established in 1994 and headquartered in Valencia, Jeanologia is a fast-growing supplier of innovative and sustainable solutions for the denim industry. The company’s products offer cost-efficient, sustainable technologies which are transforming the denim manufacturing process by drastically reducing the water consumption and environmental impact of the processing step of the denim industry.
A rapidly-growing percentage of the 6 billion pairs of jeans sold annually are produced with the company's sustainable eco-efficient technology, and this is expected to increase significantly in the near future. Jeanologia has ambitious international expansion plans, which will also see its investment in R&D double in the next three years.
Enrique Silla, CEO of Jeanologia said: "The entire Jeanologia team is very excited about the partnership with The Carlyle Group. Jeanologia has grown at a tremendous rate over the past 20 years during which we have become one of the largest providers of sustainable textile solutions, and a major contributor to the global denim industry.
"This partnership will help us work towards our aspirational goal of eliminating waste water in the textile industry by 2023, making the manufacturing of traditional blue jeans an industrial and technological standard."
Alex Wagenberg, Managing Director, The Carlyle Group, said: “We are delighted to partner with Enrique’s accomplished team in a company that is transforming the manufacturing industry with a clean, efficient and environmentally-friendly production process.
“We look forward to supporting Jeanologia’s explosive growth through the development of their innovative product range and pipeline of future sales.”
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The Carlyle Group
+44 20 7894 1632
The Carlyle Group Press Office Spain – Kreab
Jeanology – DosdeC
Phone: +34 639 68 11 18
Since 1994 their mission has been to create an ethical, sustainable and eco-efficient industry through their disruptive technology and know-how. Their laser, G2 ozone and e-flow system have revolutionized the textile industry. They offer infinite design possibilities and garment finishes, while saving water, energy and chemicals, eliminating waste and toxic emissions.
The Spanish company currently has clients in 5 continents. The export of its machines and services represents 90% of its total billing, reaching 61 countries. The biggest market brands place their confidence in Jeanologia, using technology developed by the company.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with $216 billion of assets under management across 343 investment vehicles as of December 31, 2018. 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 Credit 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 1,650 people in 31 offices across six continents.
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