The Carlyle Group acquires store fixture provider, Array

By

Obi Anyanwu

Published
Dec 8, 2015

The Carlyle Group, a global alternative asset manager, announced on Monday that it has acquired Array, a provider of retail merchandising displays and store fixtures to the global prestige cosmetics industry, from TorQuest Partners, a Canadian private equity fund.

Array is the second deal to close in Carlyle’s US Equity Opportunity Fund II, which provided equity for the deal. The Toronto-based company provides custom, high-end merchandising solutions in more than 30,000 retail locations for prestige brands around the world. The middle market buyout fund provided equity to invest in Philadelphia Energy Solutions, Service King, ECi Software Solutions, Traxys Group, AxleTech International Holdings, Inc., PrimeSport and Blyth, Inc.

The Carlyle Group is a global alternative asset manager with $188 billion of assets under management across 126 funds and 160 fund of funds vehicle as of September 30, 2015. Goodwin Proctor LLP advised Carlyle’s US Equity Opportunity Fund II for the acquisition.