Abraaj Capital acquires Aureos Capital
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,