Search Results for:Dinesh Nair

Dubai’s Abraaj said to plan filing for provisional liquidation

The Dubai-based investment firm plans to file before June 29 when a court hearing of a petition to liquidate Abraaj Holdings by Kuwait’s Public Institution for Social Security is scheduled.

SoftBank Vision Fund to appoint ex-Deutsche exec Rahman to head Middle East ops

Rahman will help manage relations with the Vision Fund’s two key backers – Saudi Arabia’s Public Investment Fund and Abu Dhabi wealth fund Mubadala.

Colony NorthStar walks away from talks to buy stake in Abraaj fund unit

Cerberus Capital Management is said to be still in discussions with Abraaj for buying a stake in its fund management unit and is carrying out its own due diligence.

Uber’s European rival Taxify wins unicorn status after $175m funding round

Taxify secured $175 million from a group of investors led by Germany’s Daimler AG.

KPMG said to review its audits of Middle East PE firm Abraaj

Any potential findings of deficiencies in the Abraaj audits could intensify KPMG’s woes as it already faces heightened scrutiny following its links to South Africa’s controversial Gupta family, as well as potential missteps in its work for Miller Energy Resources and Carillion.

Uber’s Middle East rival Careem said to weigh $500m in funding

Careem plans to raise the money as a precursor to a possible initial public offering and the fund-raising round could value the company at as much as $1.5 billion.

Abraaj’s alleged misuse of money said to extend beyond healthcare fund

Preliminary findings from a separate review by Deloitte — at Dubai-based Abraaj’s request — threw up potential discrepancies in accounting at some of the other funds.

Portugal’s EDP set to reject $10.9b takeover offer from China Three Gorges

China’s biggest renewable-energy developer already is the largest shareholder of EDP with a 23 percent stake and now is seeking more than 50 percent.

Buyout firm Abraaj in talks to sell fund unit stake to Colony NorthStar

Abraaj is considering the sale of the stake to raise cash amid heightened regulatory scrutiny and the departure of key executives.

Takeda nearing preliminary agreement to buy Shire after sweetening offer

Takeda has been ramping up its takeover ambitions under Chief Executive Officer Christophe Weber, seeking growth overseas amid patent expirations.