The Pembani Remgro Infrastructure Fund, The Carlyle Group and Standard Chartered Private Equity Invest US$210 Million in Export Trading Group (Sub-Saharan Africa)

Source: The Carlyle Group

The Carlyle Group and African infrastructure investor The Pembani Remgro Infrastructure Fund have invested US$210 million into Tanzania-based Export Trading Group (ETG), along with existing investor Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank. ETG manages a vertically integrated agricultural supply chain operation in Africa, including procurement, processing, warehousing, distribution and merchandising, and also has a presence in markets outside of Africa. ETG will use the funding to expand its operations in Sub-Saharan Africa, India, China and Southeast Asia. The investment is Carlyle’s first from its Sub-Saharan Africa Fund, which is targeting US$500 million in capital commitments.