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Thursday, March 24, 2011

Carlyle to open offices in S.Africa, Nigeria

Private equity firm Carlyle Group [CYL.UL] plans to open offices in Johannesburg and Lagos and start investing in capital growth ventures and buyouts in the fast-growing region. Washington D.C.-based Carlyle said the move was part of its strategy to expand into emerging markets. Carlyle has $16.6 billion of assets under management in emerging markets. (Reporting by Gugulakhe Lourie; Editing by Ed Cropley)

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