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.
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