Abraaj acquires emerging markets SME specialist Aureos
When Omar Lodhi took charge of Abraaj Capital’s Asia business, the idea was to pursue organic growth. The private equity firm opened an office in Singapore early last year and then one in India, where it already had a joint venture with Sabre Capital Worldwide. There was talk of striking out into Southeast Asia in search of natural resources deals. Investment professionals were transferred from the firm’s headquarters in Dubai and others were hired locally.
The acquisition of Aureos Capital, announced this week, amounts to a massive short cut. At a stroke, Abraaj has gained a fund manager with offices in 12 countries throughout Asia Pacific and around 50...
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