January 29, 2019 |
Colony Capital said it has agreed to buy the Abraaj Group's private equity business in Latin America for an undisclosed amount.
Abraaj manages more than $500m in assets in Latin America and has deployed more than $700m through 22 investments since it first came to the region in 2006. The private equity firm has focused its efforts on middle-market companies in the Pacific Alliance member nations of Mexico, Chile, Colombia and Peru, which account for roughly 35% of GDP in Latin America.
US investment firm will rename the company Colony Latam Partners when the deal closes in the first quarter