News

Colony Capital to buy Abraaj LatAm business

Latin_AmericaAbraaj Group, the Dubai-based buyout firm, has found a buyer for its Latin American private equity business. US-based Colony Capital has agreed a deal with Abraaj Holdings and Abraaj Investment Management Limited’s joint provisional liquidators PricewaterhouseCoopers (PwC) and Deloitte. The financials of the deal were not disclosed but it is expected to close in the first quarter of 2019. The senior management of Abraaj’s LatAm business will be retained and will lead the newly-owned business alongside Colony Capital executives. Colony Capital had previously expressed an interest in buying the fund management business that ran the Abraaj private equity funds in Latin America, Sub Saharan Africa, North Africa and Turkey but were rebuffed due to resistance from Abraaj investors. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.