Dubai, UAE, 24 July, 2012: Abraaj Capital, a leading private equity manager investing in global growth markets, today announced the completion of the acquisition of Aureos Capital (“Aureos”), a private equity fund management group investing in small and mid-cap companies (“SMC”) in Asia, Africa and Latin America.
With the consummation of this acquisition, Abraaj Capital now has approximately US$ 7.5 billion in assets under management, a presence in over 30 countries, and over 150 investments managed by a seasoned team of investment professionals with unmatched local expertise.
Announcing the completion of the transaction, Arif Naqvi, Founder and Group Chief Executive, Abraaj Capital said, “The acquisition of Aureos is a pivotal moment for Abraaj as it consolidates our position as the pre-eminent private equity fund manager in global growth markets. As a result, Abraaj is able to provide investors with a unique opportunity to invest in high growth markets through multiple platforms”.
“The acquisition is a significant step in executing the vision we set ourselves just over a decade ago of creating a dedicated global growth markets private equity firm. We share a common philosophy with Aureos, combining a track record of strong investor returns with an appreciation of the long-term social and economic benefits that our model of investing in growth markets can deliver”, Mr. Naqvi added.
Sev Vettivetpillai, Executive Chairman, Aureos said, “We are delighted to have completed this transaction with Abraaj which sets the strategic path for Aureos’ long-term growth and allows us to deliver value to our investors by bringing our portfolio of partner companies into new markets and developing mutually beneficial relationships with the Abraaj portfolio. From the outset, it has been clear that the business models, working cultures, and operational footprint of our two businesses fit together extremely well.”
While Aureos and Abraaj’s Riyada Enterprise Development (RED) Funds will benefit from the synergies of being part of a common platform, and operate under the single brand ‘Aureos’, all Aureos and RED Funds will continue according to their existing Fund mandates and investment guidelines.
Tom Speechley, Senior Partner at Abraaj Capital, has been appointed Chief Executive Officer of Aureos Capital with overall responsibility for the firm’s SMC assets under management of c. US$ 1.75 billion. Mr. Vettivetpillai assumes the position of Executive Chairman of Aureos Capital and joins the Executive Committee of Abraaj Capital. The completed transaction has been strongly supported by Aureos’ core investors, including CDC, the UK’s development finance institution.
The Abraaj Group, a leading investor operating in global growth markets, today announced the acquisition, through its Funds, of a significant minority stake in Capa de Ozono (‘CDO’ or the ‘Company’), a leading fashion footwear designer, distributor and retailer in Mexico more >
The Abraaj Group, a leading investor operating in global growth markets, today announced it has sold its investment in Koba International Group S.A. for an undisclosed amount to Capital Group Private Markets, an experienced emerging markets private equity group and part of the Capital Group Companies, a global investment management organization with over 85 years of asset management experience. more >
We regret to inform of the peaceful passing of Sheikh Abdulrahman Ali Al Turki on 7th September 2016. Sheikh Abdulrahman served the Group over many years as its Chairman Emeritus. Our deepest respect and condolences go out to Sheikh Abdulrahman’s family at this time. On behalf of Abraaj’s Group CEO & its Board members, our leadership team and our worldwide staff, we honor his achievements and are deeply grateful for his contributions to the Group. more >
The Abraaj Group, a leading investor operating in global growth markets, today announced the final close of its first dedicated Turkey Fund at US$ 486 million with a further US$ 40 million raised for co-investment, against a target of US$ 500 million. more >
The B Team announced today that Oliver Bäte of the Allianz Group, Andrew Liveris of The Dow Chemical Company and Arif Naqvi of The Abraaj Group will join co-founders Richard Branson, Jochen Zeitz, and 18 other global leaders from business and civil society in their collective effort to redefine the role of business as a force for social, environmental and economic benefit. more >