Private equity investor Duet hires from Abraaj and Temasek

Emerging markets investor Duet Private Equity has strengthened its African private equity team with several new hires, including a former employee of its embattled rival Abraaj Group.

Duet announced the hires on the heels of its first investment in Nigeria.

The firm said this week that it had invested in soft drinks company Ajeast Nigeria in a bid to profit from increased consumer spending in West Africa. Duet said it invested more than $50m to take a majority stake in the business and finance its growth.

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