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KKR disbands African private equity team

The withdrawal illustrates the challenges facing large western private equity firms on the continent

KKR disbands African private equity team

KKR has disbanded its Africa deal team because it could not find enough big companies to buy, FN's sister publication Private Equity News reports.

Four KKR executives and an adviser who explored African opportunities have left the firm, according to KKR and former staff. The departures come less than four years after the New York-based firm made its only investment on the continent in Afriflora, the world’s largest rose farm, in Ethiopia.

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