The Carlyle Group has acquired a majority stake in Spain-based plywood manufacturer Garnica from Intermediate Capital Group (ICG) and certain shareholders in a €500 million deal.

The transactions sees ICG exit the company, while the Garnica family will reinvest part of the money obtained and retain, along with the management team, a meaningful stake in the capital.
 
Gibson Dunn & Crutcher advised The Carlyle Group on the acquisitions.