Sabre Abraaj Private Equity, the 50:50 JV between Sabre Capital Worldwide and Abraaj Capital, is in the process of acquiring two firms in the IT and engineering products space that would be finalized in the next two months. The firm has declined to name the investee companies. Sabre Abraaj Capital has recently launched the $300 mn Sabre Abraaj India Private Equity Fund I and invested around $16 mn in Hyderabad-based Ramky Infrastructure (See Related Post). The fund is scouting for turnaround opportunities; it is a stated strategy of the fund to first acquire the companies and then work out the strategy to achieve turnaround. The fund is targeting sectors like infrastructure, retail, auto components, leisure and entertainment and medical devices as potential sectors for venture fund investments.
Read the article in The Economic Times.
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