By Ardi Wirdana
Light said the fresh capital will allow it to expand the reach of its imaging platform beyond consumer photography and into security, robotics, automotive, aerial, and industrial imaging applications.
In the seven months since dissolving a partnership with FS Investment Corp., Blackstone’s GSO Capital Partners unit has rebuilt its business making nonbank loans to small and mid-size companies.
New York-based hedge fund York Capital Management is said to have placed a $45 million offer for Abraaj’s asset-management platform.
By comparison, money managers elsewhere in finance are facing pressure on revenues as investors flock to low-cost exchange-traded and index funds tracking markets.
The deal comes four-and-a-half months after Canada’s Saputo said it was discussing plans to sell the milk plant to address concerns from Australia’s competition watchdog about its buyout of Murray Goulburn Co-operative.
Carlyle’s London-based team is exploring investments in oil and gas assets in Europe, Africa, Latin America and Asia, according to an FT report.
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.
The latest fundraising comes about three years after Raine bagged $850 million from 101 investors for Raine Partners II.
His net worth has soared by $52 billion this year, which is more than the entire fortune of Alibaba chairman Jack Ma, Asia’s wealthiest person.
The Uber CEO said he was more focused on generating positive cash flow than making the company profitable according to generally accepted accounting principles.