Abraaj Capital has sold its majority stake in Septech Holdings, generating a 39% internal rate of return (IRR) over a three year holding period. The Abraaj stake, which was acquired through the Abraaj Buyout Fund (ABOF) in 2004, has been sold to David Heffernan, Septech's Founder and CEO. The exit by the ABOF from Septech follows those from ONIC Holding, Aramex and Amwal. [AMEInfo.com]



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Posted: 09|17|07 at 10:04 am. Filed under: News.