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FINANCIAL NEWS
Dubai-Abraaj aims USD1bn Latin America investments
19 Jun 2016
(MENAFN) Abraaj Group, one of the main private equity investors in developing markets, will double its assets in Latin America to almost USD1.5bn through the coming five years.
Moreover, the firm will start looking at the prime markets of Argentina and Brazil for deals, and at ways to make investments outside the Pacific Alliance.
The firm, which has almost USD10bn under management globally, is focusing on retail businesses which benefit from a growing middle class and private consumption.
In addition, the company owns 50 percent of Peruvian restaurant group Acurio Restaurants, which will expand to Asia and the Middle East for the first time.
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