Jeanologia, A Spanish Environmental Protection Textile Equipment Manufacturer, Was Bought By Carlyle Group.

Carlyle Group, the US private equity fund, acquired the Jeanologia 40% stake in Spain's environmental protection textile equipment manufacturer from the MCH Private Equity of the Spanish private equity fund, with a Jeanologia valuation of about 150 million euros in this paction.

Jeanologi, headquartered in Valencia, Spain (Valencia), was founded in 1993 by Jose Vidal and its nephew Enrique Silla. With the consulting background of denim business, Jeanologia quickly became a technical supplier of sustainable textile solutions, mainly focusing on the textile equipment and technology of environment-friendly denim fabrics.

The company said that about 35% of the 6 billion jeans produced every year in the world use Jeanologi's environmental technology, and the old cowboy Levi "s" is also one of Jeanologia's customers.

MCH became a shareholder of Jeanologia in 2016.

Jeanologia, a Spanish environmental protection textile equipment manufacturer, was bought by Carlyle Group.

At present, Jeanologia is committed to an ambitious international expansion strategy and plans to double its R & D investment over the next 3 years. The goal is to completely remove harmful chemicals from the garment production process by 2023, "to establish classic blue jeans as the technical standard of the world textile industry."

Carlyle's investment will help Jeanologia increase R & D investment in the next 3 years and boost international growth.

As part of the paction, Alex Wagenberg, managing director of Carlyle Group, will join the Jeanologia board.

"We are very excited about the support of Carlyle Group, which will help us continue to work hard to change the world," said Enrique Silla, executive director of Jeanologia, a Spanish environmental protection textile equipment manufacturer, which has acquired a minority stake in Jeanologia.

Alex Wagenberg, managing director of Carlyle Group, also stressed the opportunity to cooperate with "a company that pforms the textile industry through clean, efficient and environmentally friendly manufacturing processes".

He said: "our goal is to support Jeanologia in developing new product lines and provide new opportunities for the textile industry to promote its growth."

Carlyle recently acquired Codorniu, a Spanish cava wine maker.

About MCH Private Equity

MCH Private Equity, founded in 1998, is headquartered in Madrid, is a private Holdings Company focused on the middle end market. Since its inception, it has raised 4 Funds (MCH Iberian Capital Fund I, II, III, IV), with a total capital of 850 million euros.

The company has participated in more than 40 private equity deals involving food, agriculture, health care, business services and tourism.