PE Firm Abraaj Takes Stake In Ghanaian Home Lender

Law360, New York (October 21, 2013, 2:27 PM EDT) -- Dubai-based private equity firm Abraaj Group has acquired a majority stake in Ghana Home Loans, the top provider of residential mortgages in Ghana, it said Monday.

Abraaj made the investment through one of its funds in a company it says operates at the intersection of financial services and real estate, two of the fastest growing sectors in Ghana and the wider West African subregion. Terms of the deal were not disclosed.

“We are pleased to be backing an experienced local management team that has grown GHL...
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