GP consolidation in emerging markets

Aureos had spun out of CDC, a government-owned investor in developing markets, in 2001. It underwent a management buyout in 2008 and today manages $1.3bn.

According to a statement from Abraaj, the combined entity will have approximately $7.5bn in assets under management, a presence in more than 30 countries across global emerging markets, and 153 investments managed by more than 150 investment professionals.

Aureos's latest deal was a $7m investment in Indian paper business Sai Security Printers Private Limited at the end of January.

Aureos employs 160 people, 90 of whom are investment professionals. This is twice the number at the time of the 2001 spin-off. The firm backs SMEs in 50 emerging markets across 27 offices: 12 in Asia; nine in Africa and five in Latin America. It also operates from offices in the UK and US.

Abraaj was founded in 2002 and is backed by Middle Eastern HNWs.

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• Topics
• GPs
• Aureos Capital
• United Kingdom