Abraaj acquires French private equity business - 11th Nov 2011

ABRAAJ Capital has bought the North African private equity operations of asset management firm Amundi.
The acquisition included taking over management of the $161m SGAM Al Kantara Fund and the French firm’s 11-member investment team.
Abraaj Capital also acquired Amundi’s stake in the Kantara Fund, which is mainly focused on small and mid-cap investments in North Africa.
As part of the buy-out Abraaj expands its Middle East and North Africa presence by taking over the firm’s fully staffed offices in Morocco and Tunisia.

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