Industry Newsroom

The Carlyle Group to Acquire Majority Stake in Amrod (Sub-Saharan Africa)

Global alternative asset manager The Carlyle Group has agreed to acquire a majority stake in South Africa-based promotional products and clothing supplier Amrod. Carlyle will invest from Carlyle Sub-Saharan Africa Fund, while the three founders of Amrod will reinvest alongside Carlyle. Financial details of the transaction, which is expected to close in 2016 and is subject to regulatory approvals, were not disclosed.