Search Results for:Dinesh Nair
Since the start of 2017, it’s completed 31 deals with more in the works. Saudi Arabia’s Public Investment Fund completed 16 deals and boycott-hit Qatar Investment Authority did 19.
The announcement, made initially via Twitter, followed news that Saudi Arabia’s sovereign wealth fund had built a less than 5% stake in Tesla worth about $2 billion.
The New York-based company will represent Abraaj Private Equity Fund IV’s backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm
For years, Abraaj’s main revenues didn’t cover operating costs. It borrowed to fill the gaps and now owes creditors over $1 billion.
Ageas is the biggest life insurance provider in Belgium and #2 non-life insurer.
Aramco is considering buying 50-70% from the Public Investment Fund, the country’s sovereign wealth fund, which controls Sabic
Cerberus, whose offer of about $25 million for the rights to manage the platform, was the lowest among several bidders.
New York-based hedge fund York Capital Management is said to have placed a $45 million offer for Abraaj’s asset-management platform.
Abu Dhabi Capital Management told Abraaj’s liquidators it would pay $30 million to buy the rights to manage Abraaj’s funds and $25 million to cover the company’s costs and end-of-service payments for employees.
Investors in the $990 million Abraaj Africa Fund III want to replace the Dubai-based company and have reached out to potential investors including Carlyle Group LP and London-based private equity investor Actis LLP.