THE Abraaj Group, a leading private equity investor operating in global growth markets, has withdrawn its investment in Vejthani. The Group sold its stake in Vejthani to the South East Asian healthcare chain KPJ Healthcare. This was the second successful exit in the last six months for the Group in the rapidly expanding private healthcare sector. The Abraaj Group is one of the leading private equity investors in healthcare facilities in growth markets, with a current portfolio of nine hospitals around the world, including in India, the Philippines, Kenya and Nigeria. The Group's track record in delivering strong growth in healthcare investments was underlined last year by its exit from Malaysian hospital operator IHH Healthcare Berhad. Abraaj exited the investment through a dual IPO on Bursa Malaysia and the Singapore Stock Exchange which raised approximately $2 billion in total, and was the third largest IPO globally at the time of listing. The Abraaj Group acquired its stake in Vejthani in 2009. — SG
