J&J specialises in the road transportation of general cargo along the Beira corridor, one of southern Africa’s key trade routes.
The deal marked the second investment from Carlyle’s Sub-Saharan Africa Fund.
In November 2012 the fund made its first investment by backing agricultural supply chain manager Export Trading Group.
Co-head of the Carlyle Sub-Saharan Africa Fund Marlon Chigwende said, “Carlyle brings strong expertise working with companies in the transportation sector, along with deep experience in emerging markets, including Africa.
“We have a particularly strong track record in partnering with private, family and entrepreneurial firms and helping them expand to compete on a world stage.”
He added that “J&J is well positioned to benefit from the fast growth across Southern Africa, particularly in Mozambique and Zambia.”
Earlier this month Carlyle agreed a $4.15bn deal for Johnson & Johnson’s diagnostics unit Ortho Clinical.
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