March 25, 2023

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 […]

Creditor starts legal proceedings for Abraaj restructuring

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By Davide Barbuscia From Reuters DUBAI (Reuters) – A creditor of Dubai-based Abraaj has started legal proceedings in the Cayman Islands seeking the restructuring of the private equity firm’s liabilities. Auctus is the second creditor, after Kuwait’s Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands, where Abraaj Holdings is […]