Colony Capital Inc. (NYSE:CLNY) and the existing management team signed a definitive agreement to acquire the Latin America private equity platform of Abraaj Holdings Limited and Abraaj Investment Management Limited on January 23, 2019. Abraaj Holdings and Abraaj Investment Management Limited signed the deal through their joint provisional liquidators, PricewaterhouseCoopers and Deloitte. The acquired operation will rebrand as Colony Latam Partners.

The existing senior management team involved in the buyout consists of Partners Miguel Angel Olea Sisniega, Hector Martinez Fry, Gerardo Mendoza Llanes and Eduardo Cortina Murrieta, who will continue to lead the acquired operations. The transaction is subject to certain approvals and expected to close during the first quarter of 2019. Sandro de Bernardini, Thomas Kim, Ani Kusheva, Brendan Macreadie, Ioanna Pantelaki, Evan Shepherd, Stephen Sims, Clive Wells and Eve-Christie Vermynck of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Colony Capital Inc.