Dubai’s Abraaj raises USD191m for Mexico investments

07 Oct 2015

(MENAFN) Private equity firm Abraaj Group has raised USD191 million through Mexican publicly traded certificates for investments in the country, it said in a statement.

Certificates of Development Capital (CKD) will be used to invest in mid-sized Mexican businesses that have strong growth potential and which show capabilities of regional and international expansion.

Target sectors for the CKD include retail, fast-moving consumer goods, healthcare, education, logistics and financial services. The first transaction using the development capital may be closed by the end of the year.

Abraaj is a Dubai-based private equity firm which tends to focus on emerging markets. In recent transactions, Abraaj with TPG Capital purchased a majority stake in Saudi fast-food chain Kudu earlier this year.

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