South Africa: US Carlyle Group gets majority stake in IsoMetrix’s capital
Friday, 06 September 2019 16:13
US asset manager, Carlyle Group, has acquired a majority stake in IsoMetrix, an integrated software provider. The transaction, whose financial terms are not disclosed, was carried out via Carlyle Sub-Saharan Africa Fund (CSSAF), Carlyle Group's investment fund for sub-Saharan Africa.
IsoMetrix, which is present in the South African market, will become the second company in Carlyle Group's portfolio in the field of integrated software management, along with Nosa Group.
Although they operate in similar activity segments, IsoMetrix and Nosa Group, a subsidiary of the Carlyle Group, will operate independently. Operational since 2011, Carlyle Sub-Saharan Africa Fund has made 13 investments to date, mainly in the financial services, energy and health sectors in Africa.
Chamberline MOKO
Live News
-
Somalia rolls out certified cybersecurity program for government ICT staff
21:16
-
Pests and Flooding Hit Cameroon’s Cotton Sector, Driving Annual Losses Above CFA10 Billion
20:50
-
Cameroon Raises CFA144 Billion in Bond Sale as Short-Term Funding Pressures Persist
20:35
-
U.S. Signals Growing Interest in Cameroon’s Critical Minerals but Flags Investment Risks
20:32
-
Oil Explorer Eco Atlantic Taps Industry Veteran Keith Hill to Lead Board
20:30
-
Nigeria Secures $500 Million World Bank Funding to Strengthen Agricultural Value Chains
19:58
-
MTN Brings in Former Orange CEO Stéphane Richard to Strengthen Strategy
19:38
-
Namibia’s Mopane Field Sees 57% Jump in Estimated Hydrocarbon Resources
18:41
-
At Cape Town summit, Horus Capital pushes Africa’s infrastructure debate towards project delivery
18:30
-
Togo to build 400 boreholes for irrigated market gardening
16:59
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
Keith Hill appointed chairman as company reshapes governance Brings decades of experience in African oil exploration Move comes as Eco Atlantic...
$500 million IDA credit to support small farmers and agribusiness Project targets key crops including rice, maize, cassava, and soy Initiative aims...
Stéphane Richard joins MTN board as independent non-executive director Appointment signals focus on governance and long-term strategy Move comes as...
Estimated resources rise to 1.38 billion barrels of oil equivalent Volumes remain contingent, not yet classified as recoverable reserves New drilling...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...