Deals
Carlyle's $700 Million Africa Fund Is Eyeing Two Deals in Egypt
- Egypt has ‘done the right things,’ Carlyle’s Kump says
- Africa attractive after commodity rout pushed prices lower
This article is for subscribers only.
Carlyle Group LP, one of the world’s largest private equity firms, sees two buying opportunities in Egypt this year after a commodity rout depressed prices in the region.
The Washington, D.C.-based investor’s $700 million Sub-Saharan Africa Fund will spend between $30 million and $100 million on each, making the fund about 80 percent invested, managing director Eric Kump said in an interview. He declined to name industries or be more specific.