Africa3

Quick Growing Mid-Market in Sub-Saharan Africa Drives PE Fundraising

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April 24, 2014

There are a good number of mid-size companies in Sub Saharan Africa, a region that counts 75 countries, growing at a rapid pace, according to an interview with a Carlyle executive in FN, who highlighted Export Trading, which has been growing above 35% per annum over the last four years, and J&J Transport, which has also been growing at around 30% per annum over the last five years.

 

Carlyle just raised a new USD 569 million fund for the region, one of more than 100 distinct funds it manages, and its LP were keen to tap into momentum implied by the growth rates, which are much more rarer in established economic regions.

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