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UAE's Abraaj to acquire UK-based Aureos, will manage $7.5bn

 
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Kirk
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PostPosted: Tue Feb 21, 2012 7:06 am    Post subject: UAE's Abraaj to acquire UK-based Aureos, will manage $7.5bn Reply with quote

Abu Dhabi-based Abraaj Capital has said it will acquire specialist fund Aureos Capital, as the Middle East's largest private equity firm seeks to expand its geographical footprint, Reuters has reported. UK-based Aureos Capital, which has some $1.3bn assets under management, provides expansion and buy-out capital to small and medium-sized businesses across Asia, Africa and Latin America. Abraaj declined to give financial details for the acquisition but said the combined company will manage $7.5bn in assets across 30 emerging countries. "The deal is expected to close this quarter," Mustafa Abdel-Wadood, Abraaj's chief executive officer, said.

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