Carlyle Group acquired Abacus, a pharmaceutical company in East Africa. Financial terms were not disclosed. Ramesh Babu, Co-Founder and Managing Director at Abacus, said, “Abacus has grown to become one of the leading pharmaceutical companies in East Africa, and today we employ more than 800 people throughout the region and have a distribution network of 30 wholesale branches. We have created a strong platform for further growth and have established good relationships with large multinational pharmaceutical companies and local suppliers. We are excited to partner with Carlyle and expect to benefit from their deep industry knowledge and experience, and look forward to building on our company’s success to date.”