FINANCIAL NEWS

Dubai’s Abraaj Capital to buyout Aureos Capital

20 Feb 2012

(MENAFN) Dubai’s Abraaj Capital, Middle East’s largest private equity firm, will acquire Aureos Capital Limited, aimed at setting a foothold in UK market, Reuters reported.

Abraaj declined said that with the new acquisition it will manage USD7.5 billion in assets across 30 emerging countries.

Abraaj last August bought the North African private equity operations of French asset manager Amundi. The firm sought potential acquisition of its Egyptian rival Citadel Capital but the talks ended without a deal.

Aureos Capital Limited is based UK with about USD1.3 billion assets under management. The company is operates in more than 50 emerging markets and manages 17 regional private equity funds, including its South Asia Fund.

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