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The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato

Freshfields Bruckhaus Deringer and Trilegal have advised private equity major Carlyle Group on the $300 million acquisition of a majority stake in Indian beauty care and wellness solutions provider VLCC, with Pioneer Legal advising the sellers Vandana and Mukesh Luthra.

Founded in 1989, VLCC has a network of 210 retail "clinics" in 118 cities across 11 countries in South Asia, the Middle East and Africa, said Reuters. It quoted Carlyle as saying that the Luthras will continue to hold a significant stake in the company.

The Trilegal team was led by partners Nishant Parikh, Harsh Maggon, Sneha Vardhan and Pranav Atit, with support from  partners Atul Gupta, Rahul Arora, Tine Abraham, and Jyotsana Jayaram.

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