Africa the big prize for Dubai private equity group – beyondbrics - Blogs - FT.com:
"After a deal-making spree in Africa in 2013 that included investments in Ghana, Cote d’Ivoire and Kenya, Dubai-based private equity group Abraaj is on track for an equally active 2014.
Abraaj, which has $7.5bn in assets under management, expects to complete four transactions in the region by the end of the year, including in South Africa, Nigeria and Kenya, partner Sev Vettivetpillai told beyondbrics.
Within the next 12 to 18 months, Abraaj expects to deploy between $200m and $300m in sub-Saharan Africa from its existing funds and to raise an additional $500m to $750m in capital, he said.
“We expect the next 12 to 18 months to be quite active,” he said. “The four deals, I would call them landmark deals. The companies that we’re working with and looking to buy are regional players already.” He added that the companies were in the financial services, consumer goods and logistics sectors."
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