Bloomberg News

Carlyle May Buy Food Group in Middle East, North Africa

October 15, 2012

Carlyle Group LP (CG:US), the Washington- based buyout firm, is seeking to purchase a franchise of an international food group in the Middle East and North Africa to increase its revenue in the region.

“We’re planning a bolt-on acquisition to our food business,” Firas Nasir, co-head of buyouts for Carlyle in the region, told reporters on the sidelines of a conference today in Dubai. The company is conducting due diligence, he said without providing further details.

Carlyle bought a 42 percent stake in restaurant operator Alamar Foods from Saudi Arabia’s Al Jammaz family in December last year. Financial terms weren’t disclosed.

To contact the reporter on this story: Stefania Bianchi in Dubai at sbianchi10@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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Companies Mentioned

  • CG
    (Carlyle Group LP/The)
    • $28.54 USD
    • -0.51
    • -1.79%
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