The Abraaj Group Exits Investments in Angola-based Fibrex and Peru-based Iasacorp (Sub-Saharan Africa, Latin America)
Source: The Abraaj Group
Global growth markets investor The Abraaj Group has exited its investment in Angola-based Fibrex, a manufacturer of plastic pipe products used in the construction industry. The Abraaj Group originally invested in the company in 2007. Separately, The Abraaj Group has exited its investment in Peru-based women’s accessories retailer Iasacorp, selling its entire stake to Peru-based MCKPITAL, the family office of the Marsano family. The Abraaj Group originally invested in Iasacorp in 2009 through its first Latin American Fund, ALAF I. Financial details of the transactions were not disclosed.