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Carlyle to open offices in SA

Johannesburg - Private equity firm Carlyle Group plans to open offices in Johannesburg and Lagos and start investing in capital growth ventures and buyouts in the fast-growing region.

Washington DC-based Carlyle said the move was part of its strategy to expand into emerging markets.

Carlyle has $16.6bn of assets under management in emerging markets.

Carlyle has interests in a number of sectors, including energy, technology, real estate, technology and defence. The group owns brand names like Dunkin' Donuts and as part of a consortium of investors, recently bought Hertz, the world's largest rental car corporation. The bulk of its investments are in the US.

The group has attracted some controversy following allegations in the documentary film Fahrenheit 911 about its reported links to the bin Laden family. Former US president George HW Bush served as an advisor to the firm.

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