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Carlyle Purchases Mexican Retailer
The Carlyle Group has bought Arabela, a door-to-door retailer of beauty products, from Procorp and Advent International, a private equity firm, for an undisclosed amount. Executives at the private equity firms and Arabela said in a release that the process marks a transition into a second stage of growth for the company, which was founded in 1991 by Procorp. There will apparently be no changes in senior management. Scotia Capital provided the acquisition financing.
