Abraaj Capital acquiAres UK-based Aureos.
Aureos Capital is a global private equity fund management group investing in small and medium-sized enterprises, or SMEs, across Asia, Africa and Latin America.
The combined entity will have approximately $7.5 billion in assets under management a presence in over 30 countries across all global emerging markets.
Abraaj declined to disclose the value of the acquisition, but its Chief Executive Officer Mustafa Abdel Wadood told reporters that Abraaj is using its balance sheet for this deal.
The company will not raise fresh debt for the deal, he added.nBME
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