The deal is expected to close this quarter and will rebrand as Colony Latam Partners.
Abraaj’s Miguel Angel Olea Sisniega, Hector Martinez Fry, Gerardo Mendoza Llanes, and Eduardo Cortina Murrieta will continue to lead the company’s operations in Latin America in partnership with Colony Capital.
In June 2018, Abraaj announced its possible transaction with Colony Capital. It is now almost complete awaiting for certain approvals.
“We believe that an alliance with an organization of such first-class talent, high-quality products, and extensive distribution networks will benefit all of our stakeholders," Sisniega said. "As a member of the Colony Capital family, we will build upon our strong foundations and continue to pursue robust investment returns for our Limited Partners, while making sure that we deliver on our promise of providing intelligent growth capital to our portfolio companies."