Carlyle to buy Global Credit Ratings
Carlyle Group has agreed to acquire Johannesburg-based ratings agency Global Credit Ratings (GCR), a spokeswoman for the US buyout fund said yesterday.
Terms of the acquisition, which was first reported by the Financial Times, were not disclosed. Carlyle raised US$698 million for its Africa buyout fund in 2014, exceeding its US$500 million target.
In November, Carlyle, which has US$169 billion of assets under management, agreed to acquire a majority share of CMC Networks, a pan-African telecommunications business.
In September, it agreed to buy a majority share of Amrod, a supplier of promotional products and clothing in South Africa and neighbouring countries.
NAMPA/REUTERS
Terms of the acquisition, which was first reported by the Financial Times, were not disclosed. Carlyle raised US$698 million for its Africa buyout fund in 2014, exceeding its US$500 million target.
In November, Carlyle, which has US$169 billion of assets under management, agreed to acquire a majority share of CMC Networks, a pan-African telecommunications business.
In September, it agreed to buy a majority share of Amrod, a supplier of promotional products and clothing in South Africa and neighbouring countries.
NAMPA/REUTERS
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