Washington-based private equity firm Carlyle Group is seeking to acquire a minority stake in a food processing company in Saudi Arabia, Bloomberg reports. It is looking to complete the deal by the end of the year. Carlyle manages around $153 billion of assets globally.
Financial details of the transaction have not been disclosed. In 2010, Carlyle purchased a 30 percent stake in Saudi Arabia’s biggest lighting-fixtures manufacturer General Lighting Co. for an undisclosed sum.
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