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FINANCIAL NEWS
Dubai’s Abraaj Capital becomes owner of UK’s Aureos Capital
25 Jul 2012
(MENAFN) Abraaj Capital’s Founder and Group CEO, Arif Naqvi, stated that the private equity manager finished the purchase of the private equity fund management group Aureos Capital, reported Emirates 24/7.
Naqvi said that the acquisition of Aureos, which has investments in Asia, Africa and Latin America, will boost the company’s assets under management to around USD7.5 billion.
Following the completion of the acquisition, Aureos Capital has welcomed a new CEO, Tom Speechley, a Senior Partner at Abraaj Capital, who will be in charge of USD1.75 billion of SME assets under management.
It is worth noting that the deal will expand Abraaj’s presence in more than 30 countries and raise its investments to more than 150.
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