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  • 07-10-15

    Dubai's Abraaj raises USD191m for Mexico investments

    (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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