Carlyle logs out of publishing firm Newgen with muted returns

Premium

Private equity firm Carlyle Group has sold its majority stake in Chennai-based Newgen KnowledgeWorks Pvt. Ltd, more than six years after investing in the specialised publishing company.  Carlyle sold its 55% stake to Newgen founder Prabhakar Ram, a person familiar with the development told VCCircle, asking not to be named. Ram is ......