Executive pleads guilty as collapse of $14bn Abraaj hits PE flows into Africa

The ongoing collapse of the giant Abraaj platform in the world’s biggest private-equity insolvency has hit flows into Africa-focused private-equity funds. Former Abraaj managing partner Mustafa Abdel-Wadood is cooperating with New York prosecutors after pleading guilty in a Manhattan court 2 weeks ago. He could face up to 125 years in prison. Abraaj was founded […]

Abraaj Capital acquired Aureos Capital

Abraaj Capital, a leading private equity manager investing into Africa, Middle East, Asia and Turkey, recently announced the acquisition of Aureos Capital, a global private equity fund management group investing in small and medium-sized enterprises across Asia, Africa and Latin America.

Private equity exits total $1.2bn

Private equity managers (GPs) have exited some $1.2bn of investments this year, spurred by new interest and good deal values, according to data from Preqin. This compares with $79m last year. This lists some deals.