The Carlyle Group said on Wednesday it had acquired a stake in Metropolis Healthcare, a chain of pathology laboratories in India, signaling an end to a boardroom battle between the founders.
Rival private equity firm Warburg Pincus sold its 27% stake in Metropolis in April to the Shah family which triggered a change of control and the end of a long-running power struggle between the founders, Sushil Shah and GSK Velu.
The Shah family used financing from KKR to complete the purchase. Carlyle is acquiring the stake held by Velu and his affiliates. Financial details were not disclosed.
India has become a...