Abraaj cashes in on Thai IT investment

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UnitrioDubai-based emerging market investor Abraaj Group has sold its stake in Thailand’s IT company Unitrio to Japan’s telecom major NTT, the company said in a release on April 29. Financial terms were not announced, but Abraaj said the exit has been “successful”.

“Our investment in Unitrio was well timed as we capitalised on rapid growth in the domestic ICT market [of Thailand],” said Abraaj Group managing director Srisant Chitvaranund.

Abraaj aquired the unspecified stake in Unitrio 3 years ago through its first South East Asia Fund. The company, which started as a data center and telecommunications equipment provider, turned into a data hosting and storage specialist and builder of data center facilities. today serving a broad base of institutional customers within the public and private sector in telecommunications, banking, industrial and education.

Metee Anivat, Chief Executive Officer of Unitrio said that “Abraaj’s investment in Unitrio helped transform the company from what was a Thai family business into a leading designer and builder of data centers. Abraaj assisted us with enhancing our strategic planning, corporate governance and information systems, as well as improving our overall operational efficiency.”

The Abraaj Group is a leading investor operating in the growth markets of Asia, Middle East and North Africa, Turkey and Central Asia, Sub Saharan Africa and Latin America. Employing over 300 people, the group has 33 country offices spread across six regional hubs in Bogota, Dubai, Istanbul, Mumbai, Nairobi and Singapore. It currently manages $ 7.5 billion across 25 sector and country-specific funds encompassing private equity and  real estate investments.

The group’s current investments include industry leaders such as Network International, the largest independent payment solutions provider in the Middle East and Africa, NEP Holding, with its Diamond brand and a market leader in the water treatment market of Malaysia with a growing presence in Singapore, Hong Kong, Taiwan and Southern China, Brookside Dairy, the largest dairy in East Africa and Iasacorp, a long established family run women’s retail business in Peru.

 

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Reading Time: 2 minutes

Dubai-based emerging market investor Abraaj Group has sold its stake in Thailand’s IT company Unitrio to Japan’s telecom major NTT, the company said in a release on April 29. Financial terms were not announced, but Abraaj said the exit has been “successful”.

Reading Time: 2 minutes

UnitrioDubai-based emerging market investor Abraaj Group has sold its stake in Thailand’s IT company Unitrio to Japan’s telecom major NTT, the company said in a release on April 29. Financial terms were not announced, but Abraaj said the exit has been “successful”.

“Our investment in Unitrio was well timed as we capitalised on rapid growth in the domestic ICT market [of Thailand],” said Abraaj Group managing director Srisant Chitvaranund.

Abraaj aquired the unspecified stake in Unitrio 3 years ago through its first South East Asia Fund. The company, which started as a data center and telecommunications equipment provider, turned into a data hosting and storage specialist and builder of data center facilities. today serving a broad base of institutional customers within the public and private sector in telecommunications, banking, industrial and education.

Metee Anivat, Chief Executive Officer of Unitrio said that “Abraaj’s investment in Unitrio helped transform the company from what was a Thai family business into a leading designer and builder of data centers. Abraaj assisted us with enhancing our strategic planning, corporate governance and information systems, as well as improving our overall operational efficiency.”

The Abraaj Group is a leading investor operating in the growth markets of Asia, Middle East and North Africa, Turkey and Central Asia, Sub Saharan Africa and Latin America. Employing over 300 people, the group has 33 country offices spread across six regional hubs in Bogota, Dubai, Istanbul, Mumbai, Nairobi and Singapore. It currently manages $ 7.5 billion across 25 sector and country-specific funds encompassing private equity and  real estate investments.

The group’s current investments include industry leaders such as Network International, the largest independent payment solutions provider in the Middle East and Africa, NEP Holding, with its Diamond brand and a market leader in the water treatment market of Malaysia with a growing presence in Singapore, Hong Kong, Taiwan and Southern China, Brookside Dairy, the largest dairy in East Africa and Iasacorp, a long established family run women’s retail business in Peru.

 

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