Carlyle in advanced talks to pick stake in men’s apparel brand Mufti for $30M

Private equity firm Carlyle is close to picking a minority stake in Mumbai-based men’s apparel firm Credo Brands Marketing Pvt Ltd, which is behind the brand Mufti, through a secondary deal, sources familiar with the development told VCCircle. Some existing shareholders including ad-for-equity investor Brand Capital (Bennett, Coleman and Co. ......