Carlyle acquires Saudi food processing company

18 October 2011: A food processing company in Saudi Arabia is set to be acquired by the US private equity giant Carlyle Group. The company is looking to close one transaction in Saudi Arabia before the end of the year. It is in the food sector. It has not disclosed the name of the company or the amount of money the firm was looking to invest. In April 2011, the private equity firm, which manages around $153bn of assets globally is expected to complete a deal in Saudi by 2011.

Source: Ameinfo