• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Carlyle seals first Africa deal

Nov 14 2012 12:35 Reuters

Related Articles

GE, Siemens, Carlyle bid for SA firm

Carlyle to open offices in SA

 
Johannesburg - Carlyle Group and two other investors will pay $210m for a stake in pan-African agribusiness Export Trading Group, in the buyout firm's debut deal on the fast-growing continent.

Carlyle, Standard Chartered and private equity fund Pembani Remgro said in a statement on Wednesday they would take a minority stake in Tanzania-based ETG, which farms and distributes more than 25 different commodities.

Carlyle established a sub-Saharan African team in March, opening offices in South Africa and Nigeria in a sign of the growing interest in Africa from global private equity firms.

Home to some of the world's fastest growing economies, Africa is also hampered by illiquid public capital markets, making traditional equity investments more difficult.

ETG, an agriculture supply chain manager, has a presence in 30 African countries and warehouses and facilities in Asia. It focuses on commodities such as maize, sugar, nuts and coffee.

Through its private equity arm, Standard Chartered first invested $74m in ETG earlier this year. It will be increasing its stake through the investment with Carlyle.

Pembani Remgro Infrastructure Fund is a private equity fund run by investment firm Remgro and Phuthuma Nhleko, the former head of mobile giant MTN.
standard chartered

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Exciting new luxury SUV arrives in SA!
WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...