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.
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