Search Results for:Dinesh Nair

Blackstone said to mull selling stake in Dubai-based school operator GEMS

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.

Geopolitical uncertainties signal lower appetite for global M&A deals

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.

GIC-backed LeasePlan plans to seek IPO valuation of up to $8.7b

LeasePlan, which has about 1.8 million vehicles under management in more than 30 countries, resells used cars in Europe through its business.

Uber in early discussions to acquire Europe’s Deliveroo

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.

Qatar Investment Authority CEO said to leave $320b sovereign wealth fund

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.

Abraaj investors said to prefer $1 Actis bid to Gulf offers

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.

Qatar Fund in advanced talks to invest in China’s top online lender Lufax

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.

Investors of $1.6b Abraaj fund claim they are owed at least $300m

The investors are also seeking to stop paying management fees to Abraaj, citing breach of duties to the fund.

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.