Private equity fund Carlyle Cardinal Ireland (CCI) has backed Irish chocolates and desserts maker Lily O’Brien’s.
CCI, which was launched by Carlyle and Cardinal Capital, is focused on investing in small and medium sized businesses in the UK and Ireland.
Lily O’Brien’s products are currently sold in 16 countries include Australia and the UK where sales surged 370 and 100 per cent, respectively, between 2011 and 2012.
CCI managing director Robert Easton said, “The company’s growth has accelerated in recent years, thanks to their unique recipes delivering award-winning products fuelling increasing demand in the domestic and international marketplace.
“Our investment will help Lily O’Brien’s takes their chocolates and desserts to an even wider audience of consumers around the world.”
Earlier this month Carlyle acquired a minority stake” in shampoo company Vogue International.
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