By Mars Woo
The CEJ Fund has initially raised $81.8m and plans to invest in medical and healthcare, robotics, and AI.
The dismissal of the case provides breathing room for Naqvi as Dubai-based Abraaj tries to sell its investment management business.
Asia added 9 new unicorns during the quarter, in contrast to 4 and 6 in Europe & North America respectively.
Rising protectionism threatens to curb inward investment and stunt trade, suggesting private market activity may have plateaued.
The buyout firm, which is undergoing a court-supervised restructuring, has been seeking to sell its fund unit and also the stakes it owns in the funds.
The Israeli tech company may sell Juno, the New York-based startup it bought in April 2017. Juno represents the bulk of Gett’s U.S. operations.
Abraaj Holdings had an “unusual” business model reliant on short-term borrowing, and key financial statements are missing or nonexistent, according to PricewaterhouseCoopers.
Capio rejected the bid saying the offer undervalued its business.
SoftBank, which has invested in ride-sharing services including Uber Technologies Inc., said it’s aiming to change how people park, using data compiled through BLUU.
The firm will use the proceeds to scale its operations across U.S. and Asia.