Abraaj Capital acquires Amundi’s Private Equity Platform in North Africa

Abraaj Capital, the leading private equity and alternative asset management group in the Middle East, North Africa and South Asia (MENASA), announced today its acquisition of the North African private equity platform of Amundi, the French asset manager jointly owned by Société Générale and Crédit Agricole. Under the terms of the agreement, Abraaj Capital has taken over management of the US$ 161 million SGAM Al Kantara Fund as well as absorbing the 11-member Amundi investment team, thereby significantly enhancing its presence in North Africa. Abraaj Capital also acquires Amundi’s stake…read more


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