Search Results for:Dinesh Nair
Fajr Capital Ltd., Bahrain’s sovereign wealth fund Mumtalakat and the Varkey Group are also considering selling some or all of their holding in the education provider in a deal that could value GEMS at about $4 billion.
The slowdown is likely to be only temporary and the strategic rationale for acquisitions still remains strong, with EY forecasting that activity will pick up in the second half of 2019.
LeasePlan, which has about 1.8 million vehicles under management in more than 30 countries, resells used cars in Europe through its CarNext.com business.
Uber CEO Dara Khosrowshahi has made the company’s food-delivery business a top priority ahead of a planned IPO in the second half of 2019.
Under Sheikh Abdullah, the fund moved away from its strategy of investments in trophy assets, instead focusing on diversifying its portfolio in the U.S. and Asia and deploying more resources at home.
The bid by London-based Actis is ranked ahead of offers from Abu Dhabi Financial Group and Kuwaiti logistics firm Agility, which is making a joint bid with Centerbridge Partners.
QIA has been negotiating the potential purchase of a minority stake in Lufax, an arm of China’s Ping An Insurance (Group) Co, for $500 million to $1 billion.
The investors are also seeking to stop paying management fees to Abraaj, citing breach of duties to the fund.
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.