StanChart private equity spinoff targets Middle East

Pedro Gonçalves
StanChart private equity spinoff targets Middle East

Affirma Capital, the newly- spun-off former private equity business of Standard Chartered Bank, is eyeing acquisition opportunities in the Middle East and Africa. The Singapore-based emerging markets group is targeting deals between $25m and $100m in the region where consumer spending is on the rise, Taimoor Labib, Affirma's founding partner, head of the Middle East & North Africa and chairman of Africa, told Bloomberg. Affirma Capital, which has assets under management (AuM) of $3.6bn ...

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