Carlyle Group and Investec Asset Management have partnered to invest in a transport firm in Mozambique, marking the global private equity firm’s second deal in the region.

Marlon Chigwende, co-head of Carlyle's sub-Saharan Africa team, told Private Equity News - a sister publication of Financial News - that Carlyle and Investec will buy a stake in the Mozambique-based J&J Transport, which delivers cargo by road and rail along the Beira corridor linking Zambia, Malawi, Zimbabwe and Mozambique to the port of Beira on the Indian Ocean.