Colony Capital Completes Acquisition of Abraaj Group’s Private Equity Platform in Latin America
COLONY CAPITAL INC (CLNY)
Last colony capital inc earnings: 2/28 07:30 am
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Source: Business Wire
MEXICO CITY & LOS ANGELES & NEW YORK--(BUSINESS WIRE)-- Colony Capital, Inc. (NYSE:CLNY) (“Colony”) has closed its acquisition of Abraaj Group’s private equity platform in Latin America (the “Company”). The transaction was first announced on January 23, 2019. The Company has been renamed Colony Latam Partners and will continue to be headed by the Company’s senior management team, led by Miguel Olea, Hector Martinez, Gerardo Mendoza and Eduardo Cortina. The Company currently manages over US$700 million and has made 22 investments across Latin America since its establishment in 2006. “Colony is thrilled to complete this acquisition and to partner with the premier private equity investment team in Latin America. The growth opportunity in these markets is significant and we look forward to growing and expanding our platform in the years ahead,” said Justin Chang, Managing Director and Global Head of Private Equit
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