PE firm Abraaj seeks deal on secured debt, Kuwaiti fund holds out

PE firm Abraaj seeks deal on secured debt, Kuwaiti fund holds out

Arif Naqvi, chief executive officer of Abraaj Capital Ltd., pauses during a Bloomberg Television interview in London, U.K. Photographer: Luke MacGregor/Bloomberg

Private equity firm Abraaj said on Monday it hopes to reach a deal with its secured creditors, although sources said that a Kuwaiti unsecured creditor was holding out, potentially stalling the sale of its investment management business.

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