Dubai: Abraaj Group said on Tuesday it has closed $191 million (Dh701 million) of Mexican publicly traded certificates, and has a specific mandate to invest in Mexico.
This successful fundraising strengthens Abraaj’s position in the Mexican private equity market as it enables the Group to tap domestic savings and invest them into mid-sized Mexican businesses that demonstrate robust growth capabilities and are poised for regional and international expansion.
“We look forward to investing the Certificates of Development Capital (CKD), in high growth businesses in Mexico, where we have the ability to drive the growth agenda, to help them grow into regional players and to bring our expertise to bear in order to create long-term value for our investors and stakeholders,” said Miguel Olea, Partner and Regional Head for Latin America at the Abraaj Group, in a statement.
The CKD will focus on those sectors that are likely to benefit from increased private consumption and domestic demand and will also target Mexican family businesses that are seeking both growth capital and expertise to accelerate their regional or international expansion.
