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Carlyle Makes Strategic Growth Investment in Leading Ecommerce Marketplace Enablement Platform and Retail Seller Pharmapacks

Nov 12, 2020•almost 5 years ago
New York

Description

 Pharmapacks, LLC ("Pharmapacks" or "Company"), a leading ecommerce enablement platform and retail seller for brands across major ecommerce marketplaces, today announced a strategic investment of more than $250 million from global investment firm The Carlyle Group (NASDAQ: CG) to accelerate the Company's growth plans. The growth investment places Pharmapacks' enterprise value at approximately $1.1 billion.

Company Information

Company

The Carlyle Group

Location

New York, New York, United States

About

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 30 offices across six continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.