September 28, 2022

Abu Dhabi Financial Group unit offers to buy Abraaj’s investment management arm

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Reuters From CNBC A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj’s investment management business for $50 million, according to a document reviewed by Reuters. The offer from Abu Dhabi Capital Management (ADCM) is well below the $125 million offered by New York-based private equity firm […]

Abraaj audit finds funds mingled corporate and investor cash

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By Simeon Kerr From Financial Times Private equity group lacked governance but did not embezzle funds, Deloitte finds Abraaj dipped into investor funds because of cash shortages at the group, but there is no evidence of embezzlement, a forensic review of two funds at the struggling private equity firm by Deloitte has found. The emerging-markets […]