Carlyle Group has liquidated its remaining stake in Brand Group Holdings in Lawrenceville, Ga.
The $2.4 billion-asset parent of BrandBank did not disclose how many shares were sold by the New York private-equity firm. Carlyle was among the firms that invested $200 million in 2011 to recapitalize Brand.
Brand also disclosed that Eccles family – descendants of Utah banker and industrialist David Eccles – had become an investor. Keith Taylor, Carlyle's former director appointee, will rejoin the board to represent the new investor.
