Search Results for:Dinesh Nair

Mubadala’s frenetic dealmaking dwarfs Middle East peers

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.


Musk considers taking Tesla private, valuing company at $82b

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.


Abraaj Fund investors said to hire advisers for debt recovery

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


Behind the spectacular fall from grace of private equity firm Abraaj

For years, Abraaj’s main revenues didn’t cover operating costs. It borrowed to fill the gaps and now owes creditors over $1 billion.


China’s Fosun said to be mulling takeover bid for $10b Belgian insurer Ageas

Ageas is the biggest life insurance provider in Belgium and #2 non-life insurer.


Saudi Aramco said to line up banks to fund Sabic acquisition

Aramco is considering buying 50-70% from the Public Investment Fund, the country’s sovereign wealth fund, which controls Sabic


Cerberus Capital walks away from offer for Abraaj funds

Cerberus, whose offer of about $25 million for the rights to manage the platform, was the lowest among several bidders.


US hedge fund York Capital joins race for Abraaj assets

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 firm counters Cerberus’ offer for Abraaj unit with $55m bid

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 Abraaj’s near $1b Africa Fund seek new manager

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.