ABRAAJ wins the Best African Investment Fund award at the Africa CEO Forum Awards 2012
November 22, 2012: ABRAAJ wins the Best African Investment Fund Award during the Africa CEO Forum Awards held in Geneva.
The Abraaj Capital Group is a leading private equity manager investing in global growth markets. Founded in 2002 by Arif Naqvi, the group has raised over US$ 8 billion and distributed c. US$ 3.5 billion to investors. Employing over 300 people, the group has 33 offices spread across 7 regional hubs in Bogota, Dubai, Istanbul, London, Mumbai, Nairobi and Singapore.
The company was rewarded on the following criteria:
- Volume of financing in private African companies in the past year
- Number of companies financed in the past year
- Number of financial operations conducted
- Africa’s share of the capital investor’s global activity
Abraaj Capital currently manages approximately US$ 7.5 billion across 25 sector and country-specific Funds across 3 primary strategies: (i) Private Equity (majority and significant minority investments greater than US$ 50 million); (ii) Small and Mid-Cap (SMC) PE investing (targeting influential minority investments of less than US$ 50 million); and (iii) PE Real Estate (primarily yield-generating real estate investments).
Funds managed by the group have holdings in over 150 partner companies that collectively employ in excess of 100,000 people and create sustainable value in sectors including manufacturing, education, retail, aviation, oil and gas, financial payments infrastructure, healthcare and agribusiness. The group’s current partner companies include industry leaders such as Network International, the largest independent payment solutions provider in the Middle East and Africa, Al Borg Laboratories, the Middle East’s largest privately owned medical testing laboratory, Brookside Dairy, the largest dairy in East Africa, and Iasacorp, a long established family run women’s retail business in Peru.
Abraaj Capital Limited, a member of the Abraaj Capital group, is regulated by the Dubai Financial Services Authority.
Earlier this year, Arif Naqvi, the Founder and Group Chief Executive Officer of Abraaj Capital, has been appointed to the Board of the Global Compact by the United Nations Secretary-General, Ban Ki-moon. Mr. Naqvi joins 13 business leaders from across the world and is the only Board member from the private equity industry. The new appointments complete the Board composition, whose members represent all regions of the world and a wide range of industry sectors.