David Rubenstein News

David Rubenstein, Co-Founder & Co-CEO, The Carlyle Group

Private equity: The African promise

Carlyle Group co-founder David Rubenstein made headlines last year for suggesting Africa was poised to become the next private equity hotspot. “The great explosion in private equity, if it is going to occur anywhere around the world in the next couple of years, is probably going to be in Africa, particularly sub-Saharan Africa …”

David Rubenstein, Co-Founder & Co-CEO of the Carlyle Group

Carlyle Group buys 18 percent stake in Diamond Bank for Nigerian expansion

Carlyle (CG) Group LP invested $147 million in Lagos-based Diamond Bank Plc (DIAMONDB) as it seeks to expand in Africa’s largest economy.