Carlyle Group to Invest $210M in Export Trading Group

The Pembani Remgro Infrastructure Fund and Global Alternative Asset Manager The Carlyle Group CG today announced that they will make a strategic minority investment $210 m in Export Trading Group (ETG), an African agricultural commodities supply chain manager. This is the first investment by Carlyle's Sub-Saharan Africa Fund and the Pembani Remgro Infrastructure Fund. Standard Chartered's Africa Private Equity division (SCPE), the first private equity investor in ETG, is increasing its investment from January 2012 and ETG's founders have also subscribed for additional equity. The transaction is expected to close in November 2012. Marlon Chigwende, Managing Director and Co-Head of the Carlyle Sub-Saharan Africa Fund, said “This is a remarkable See full press release