24 Aug 2015
(MENAFN) Abraaj Group, emerging market-focused private equity, announced closing its second North Africa fund, which amounted to USD375 million.
The fund will target well-managed, mid-market businesses in the core geographies of Algeria, Egypt, Morocco and Tunisia that have demonstrated robust growth.
The fund will focus on sectors which are “likely to benefit from an expanding middle class”, such as healthcare and education, and seek both majority and minority stakes in firms.
Among the backers of the fund, 63 percent of the capital came from European and North American investors, with other global finance institutions participating in the fund-raising.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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