The Carlyle Group is acquiring a 9% stake in Chinese consumer electronic company Haier Electronics Group. The global private equity firm will pay a total of $137 million for the acquisition.

As part of the deal, the buyer also has an option to invest an additional $57 million in the company when warrants are exercised. The transaction, which is seeking customary approvals, is expected to be completed in August this year.

Click here for the release from The Carlyle Group.