LONDON – Carlyle Group has agreed to acquire Johannesburg-based ratings agency Global Credit Ratings (GCR), a spokeswoman for the U.S. buyout fund said on Tuesday.
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Terms of the acquisition, which was first reported by the Financial Times, were not disclosed.
Carlyle raised $698 million for its Africa buyout fund in 2014, exceeding its $500 million target.
In November, Carlyle, which has $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 neighboring countries.
(Reporting by Dasha Afanasieva; editing by Jason Neely)