Carlyle Sub-Saharan Africa Fund, managed by The Carlyle Group LP (NasdaqGS:CG) along with Old Mutual Private Equity Fund IV, managed by Old Mutual Private Equity, TiAuto founders and its management completed the acquisition of TiAuto Limited from Ethos Fund V, managed by Ethos Private Equity and TiAuto founders.

Carlyle Sub-Saharan Africa Fund, managed by The Carlyle Group LP (NasdaqGS:CG) along with Old Mutual Private Equity Fund IV, managed by Old Mutual Private Equity, TiAuto founders and its management entered into an agreement to acquire TiAuto (Pty) Limited from Ethos Fund V, managed by Ethos Private Equity and TiAuto founders on November 25, 2014. The current senior management of TiAuto will also re-invest equity in the comany along side Carlyle and Old Mutual. The transaction is subject to the fulfillment of certain conditions, including competition and regulatory approvals. The transaction is expected to close in early 2015. On January 30, 2015, the transaction received clearance from Competition Tribunal.

Carlyle Sub-Saharan Africa Fund, managed by The Carlyle Group LP (NasdaqGS:CG) along with Old Mutual Private Equity Fund IV, managed by Old Mutual Private Equity, TiAuto founders and its management completed the acquisition of TiAuto (Pty) Limited from Ethos Fund V, managed by Ethos Private Equity and TiAuto founders in January 2015.