Abraaj completes 15 exits in 2013 across global growth markets

London: The Abraaj Group announced on Monday that it has successfully completed 15 exits through its funds in 2013.

The exit activity of the private equity investor with a focus on emerging markets has enabled it to realise approximately $ 700 million for its investors in the current year and $ 1.7 billion from 30 investee companies since the beginning of 2012.

Realisations occurred through a variety of exit routes, including well-subscribed local market IPOs and trade sales to both international and other growth market players. During the same period, Abraaj continued to be one of the most active investors in these markets, committing close to $1 billion across 20 countries.

“The past two years have seen a significant increase in Abraaj’s investment and exit activity,” said Arif Naqvi, Founder and Group Chief Executive of The Abraaj Group. “Particularly satisfying has been Abraaj’s ability to source quality investments, consistently drive growth in partnership with the local management of our investee companies, and deliver successful realisations across our markets.”

Among the several exits included the sale of Abraaj’s 50 per cent shareholding in Turkish health insurance company Acıbadem Sağlıkve Hayat Sigorta to Khazanah Nasional Berhad, the Government of Malaysia’s strategic investment fund; its full exit from its investment in Gems Education; and the exit from Tunisian pharmaceutical company Opalia Pharma via the sale of its shareholding to Recordati, an international pharmaceutical company listed on the Italian stock exchange and the exit from Thai restaurant chain Hot Pot, through an initial public offering (IPO) on the Thai stock exchange which was more than three times oversubscribed.