The Abraaj Group Sells Stake in Koba to Capital Group Private Markets (Latin America)

Source: The Abraaj Group, Capital Group Private Markets

Global growth markets investor The Abraaj Group has sold its stake in Colombia-based supermarket operator Koba International Group to emerging markets private equity group Capital Group Private Markets. Abraaj originally invested in the company in 2010 through its fund ALAF I; Capital Group invested through CIPEF VI. Koba operates a network of nearly 500 stores under the D1 brand. Financial details of the transaction were not disclosed.