The Carlyle Group Acquires Majority Stake in Victory Innovations
September 16, 2020
The Carlyle Group will acquire a majority stake in Minneapolis-based Victory Innovations, a maker of cordless electrostatic sprayers used to disinfect offices, airplanes, schools and other businesses. Carlyle's investment will accelerate Victory's growth and planned expansion into key global markets, leveraging Carlyle Partners VII to support international scaling.
- Buyers
- The Carlyle Group
- Targets
- Victory Innovations
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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