Clifford Chance has advised The Carlyle Group on its investment in Diamond Bank plc. The transaction is valued at USD147million and represents the fourth investment to be structured through Carlyle's sub-Saharan Africa Fund.

Dubai-based Corporate partners Mike Taylor and Nigel Wellings led the team which included senior associate Daniel Boyle.  Regulatory advice was provided by Washington-based partner George Kleinfeld and senior associates Megan Gordon and Ali Burney.

The firm of Udo Udoma & Belo-Osagie advised on the Nigerian aspects of the deal.