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In an effort to eliminate debt and fuel technology and product development, the Carlyle Group has invested another $10 million in distributor/manufacturer Supercircuits. Carlyle bought controlling interest in the company in 2006 and it is part of its U.S. Growth Fund III.
Brian Wood, chairman and CEO of Supercircuits, said Carlyle’s involvement with the company has been beneficial on more than just a financial level. “Sophisticated end users might say, ‘I’m not going to entrust a six-figure system purchase to a non-brick-and-mortar establishment,’ but then they understand who our financial backer is, and they see the people who agreed to join our board, and they get comfortable very quickly.” Click here to read the full article.
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