Pembani, Carlyle Invest $210 Million in Africa's Export Trading Group
The Pembani Remgro Infrastructure Fund and the Carlyle Group's Global Alternative Asset Manager said they will invest $210 million for a minority holding in Export Trading Group, an African agricultural commodities supply chain manager. It's the first investment by Carlyle's…
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Sub-Saharan Africa Fund and the Pembani Remgro Infrastructure Fund. ETG owns and manages a vertically-integrated agriculture supply chain with operations in procurement, processing, warehousing, transportation, distribution and merchandising. It has more than 7,000 employees in 30 African countries.