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Carlyle Opens Office in South Africa

Buyout giant the Carlyle Group has plans to open offices in Johannesburg, South Africa, and Lagos, Nigeria, as part of an effort to expand into emerging markets, Reuters reported. To date, the private equity firm has about $16.6 billion under management in emerging markets. The Carlyle Group is based in Washington D.C.

(Reuters) – Private equity firm Carlyle Group [CYL.UL] plans to open offices in Johannesburg and Lagos and start investing in capital growth ventures and buyouts in the fast-growing region.

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

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

(Reporting by Gugulakhe Lourie; Editing by Ed Cropley)