Diddy and his biz partners, Yucaipa Cos. (headed up by Bill Clinton's B.F. Ron Burkle), just threw down $20 million for the urban clothing company Enyce.

Diddy got a good deal!

The former owners, Claiborne, had originally purchased Enyce in 2003 for $114 million.

Let's see if Diddy can turn the company around!

[Image via WENN.]