Investment Summary

The Carlyle Group and Standard Chartered Private Equity Invest In ETG

On November 14, 2012, private equity firm The Carlyle Group and Standard Chartered Private Equity invested in manufacturer ETG

Investment Highlights
  • This is The Carlyle Group’s 17th and Standard Chartered Private Equity’s 2nd transaction in the Manufacturing sector.
  • This is The Carlyle Group’s 1st and Standard Chartered Private Equity’s 1st transaction in Tanzania.
Investment Fate
  • ETG was sold to management in 2015.

Investment Summary

Date 2012-11-14
Target ETG
Sector Manufacturing
Investor(s) The Carlyle Group
Standard Chartered Private Equity
Deal Type Growth Capital

Target

ETG

Dar es Salaam, Tanzania
ETG owns and manages a vertically-integrated agriculture supply chain with operations in procurement, processing, warehousing, transportation, distribution and merchandising. ETG has more than 7,000 employees across 30 African countries and operates 30 processing plants and 300 warehouses. ETG connects African smallholder farmers to consumers around the world by procuring, processing and distributing agricultural commodities including maize, pulses, wheat, rice, cashew nuts, soya, fertilizer, sugar, coffee and tea.

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Investor(S) 2

Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 452 of 749
Sector: Manufacturing M&A 17 of 24
Type: Growth Capital M&A Deals 67 of 114
Country: Tanzania M&A 1 of 1
Year: 2012 M&A 32 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Apteka Holding ZAO

Moscow, Russia

Apteka Holding ZAO provided cost-effective and timely delivery of pharmaceuticals and related products to pharmacies, hospitals, and other end users.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Qualicorp

Sao Paulo, Brazil

Qualicorp provides healthcare brokerage, as well as benefits administration services. Qualicorp was founded in 1997 and is based in Sao Paulo, Brazil.

Sell -
DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 7 of 15
Sector: Manufacturing M&A 2 of 2
Type: Growth Capital M&A Deals 4 of 7
Country: Tanzania M&A 1 of 1
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 GZ Industries

Agbara, Nigeria

GZ Industries is a manufacturer of aluminium beverage cans. GZ Industries supplies major breweries and beverage companies across Africa. GZ Industries was founded in 2006 and is based in Agbara, Nigeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 Ocean Sparkle

Hyderabad, India

Ocean Sparkle Limited (OSL) is a leading service provider in the Comprehensive Port Operations & Management Sector in India. Since its establishment in the year 1995, we have demonstrated exemplary project management skills.

Sell £8M