US private equity firm Carlyle Group has taken a minority stake in ATMU, China’s largest independent provider of automated teller machines, the Wall Street Journal reported. Carlyle also announced investments in two South Korean companies and one Indian firm. The total value of the four deals is US$140 million. Carlyle Asia Growth Capital Partners IV is responsible for the investments. The fund closed in June 2009 with US$1.04 billion in capital, about 50% more than Carlyle’s previous Asia growth fund, which closed in 2006. Growth Capital Partners IV has already made eight investments, three of them in Chinese companies. The fund spent US$60 million on stakes in Nantong Rainbow Heavy Industry, which builds ship components and marine infrastructure, agricultural products manufacturer China Agritech and iTour, an online travel agent.
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