Tikehau Capital-backed Abenex and Sparring Capital to acquire a majority stake in Oryx Group for $113m.

Tikehau Capital-backed Abenex, a private equity fund, and Sparring Capital, a private equity firm, agreed to acquire a majority stake in Oryx Group for $113m. Sparring Capital will retain as a majority shareholder. "We aim to become the leading global player in real estate by offering the most complete range of services on the market: residential transactions, life annuities, new buildings, business premises, but also rental management and financing. More than ever, customer satisfaction will remain at the heart of our strategy. Our acquisition of a majority position in the Group allows us to better control our development. Abénex and Tikehau Capital’s investment gives us the means to accelerate our investments and achieve our objectives. We are delighted with their show of commitment to us," Michel Le Bras, Oryx Group Chairman.