Carlyle Group launches operations in Sub-Saharan Africa.

By bne IntelliNews March 25, 2011
Global private equity firm Carlyle Group said that it has established a team to conduct buyout and growth capital investments in Sub-Saharan Africa. The Carlyle team will make buyout and growth capital investments in private and public companies from offices in Johannesburg and Lagos, the fund said in a statement. Carlyle will focus on transactions where it has a distinctive competitive advantage and can create tangible value for companies in which it invests, through industry specialization, deployment of human capital and access to Carlyle's global network. Carlyle's initial target industries include consumer goods, financial services, agriculture, infrastructure and energy. The team is co-headed by Managing Directors Marlon Chigwende, former Managing Director & Head of Private Equity Africa for Standard Chartered Bank, and Danie Jordaan, former Executive Committee Member and Partner of Ethos Private Equity. The Carlyle Group has USD 16.6bn in assets under management in emerging markets.

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