A boutique investment firm founded by former UBS Group AG banker Yassine Bouhara is bidding to buy funds managed by the collapsed Abraaj Group, according to a proposal letter and people familiar with the plans.
Tell Group SA is offering $25 million to transfer the management of seven Abraaj funds to a new entity that would be 20% owned by Tell and 80% by Abraaj’s unsecured creditors, according to the letter seen by Bloomberg and the people, who asked not to be identified because the discussions are private.
