Oppenheimer Partners completed the acquisition of a majority stake in Amrod from Carlyle-backed Alterra.

Oppenheimer Partners, a growth and expansion firm, completed the acquisition of a majority stake in Amrod, a supplier of promotional products and clothing, serving distributors in South Africa, from Carlyle-backed Alterra, a private equity firm. Financial terms were not disclosed. “Amrod is a unique and differentiated business with a strong presence across Africa and values that resonate with OP. We were impressed by the management team and growth trajectory of the business, and we look forward to working with Amrod to build on its significant success to date,” Jacob Hinson, Oppenheimer Partners Founding Partner.