Abraaj Cap­i­tal ac­quires Aureos Cap­i­tal

Enterprise - - Out and about -

Abraaj Cap­i­tal, a lead­ing pri­vate eq­uity man­ager with in­vest­ments in the rapidly grow­ing economies of the Mid­dle East, Turkey, Asia and Africa, has an­nounced the ac­qui­si­tion of Aureos Cap­i­tal (Aureos), a global pri­vate eq­uity fund man­age­ment group with in­vest­ment in­ter­ests in small and medium-sized en­ter­prises (SMES) across Asia, Africa and Latin Amer­ica.

The ac­qui­si­tion of Aureos strength­ens Abraaj Cap­i­tal’s po­si­tion in the emerg­ing mar­kets’ pri­vate eq­uity land­scape and en­hances its global scale. The com­bined en­tity will have ap­prox­i­mately US $7.5 bil­lion in as­sets un­der man­age­ment, a pres­ence in over 30 coun­tries across all global emerg­ing mar­kets and 153 in­vest­ments man­aged by a sea­soned team of over 150 in­vest­ment pro­fes­sion­als with un­matched lo­cal ex­per­tise.

With an op­er­a­tional pres­ence in over 20 coun­tries, US $1.3 bil­lion in funds un­der man­age­ment and over 250 deals com­pleted in the SME seg­ment in the last two decades, Aureos has built a rep­u­ta­tion as the lead­ing emerg­ing mar­kets pri­vate eq­uity man­ager fo­cused on SME in­vest­ing, com­bin­ing lo­cal in­sights, ex­ten­sive pro­pri­etary net­works and on-ground pres­ence. Through a hands-on en­gage­ment model, Aureos has suc­cess­fully en­abled its port­fo­lio com­pa­nies to scale up their busi­nesses lo­cally and re­gion­ally and de­liver value to share­hold­ers and com­mu­nity stake­hold­ers.

The ac­qui­si­tion also brings Aureos to Abraaj’s ex­ist­ing US $650 mil­lion SME plat­form, Riyada En­ter­prise De­vel­op­ment (RED), which is fo­cused on the MENA re­gion. The trans­ac­tion will cre­ate the world’s largest Sme-fo­cused pri­vate eq­uity group tar­get­ing SME in­vest­ment op­por­tu­ni­ties across the high growth mar­kets of Asia, Africa, Mid­dle East and Latin Amer­ica.

Mak­ing the an­nounce­ment, Arif Naqvi, Founder and Group Chief Ex­ec­u­tive, Abraaj Cap­i­tal said, “This is a very ex­cit­ing op­por­tu­nity for Abraaj Cap­i­tal and en­ables us to fur­ther ex­tend our lead­er­ship po­si­tion in emerg­ing mar­kets. Aureos is a glob­ally re­spected pri­vate eq­uity firm with a ded­i­cated team of in­vest­ment pro­fes­sion­als who have ex­ten­sive ex­pe­ri­ence and knowl­edge of the mar­kets they in­vest in, with a ge­o­graph­i­cal foot­print to­tally com­ple­men­tary to Abraaj with no over­lap. Both Abraaj Cap­i­tal and Aureos are ‘home-grown’ emerg­ing mar­kets’ pri­vate eq­uity firms with a sim­i­lar phi­los­o­phy and shared val­ues. This ac­qui­si­tion is an im­por­tant step in our ex­pan­sion into Latin Amer­ica,

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