Move comes weeks after MENA’s largest low-cost carrier disclosed exposure of $336 million to funds managed by the Dubai-based firm facing restructuring due to allegations of investor funds’ misuse
private equity
Abraaj Group
Abraaj liquidators seek more buyers for fund unit
Sources says interested buyers have until August 24 to bid for all of Abraaj’s asset-management platform or some of its private equity funds
Abraaj Group
Cerberus Capital walks away from offer for Abraaj funds
Liquidators of Abraaj confirm that Cerberus has withdrawn its offer for asset management platform
Abraaj Group
Dubai’s Abraaj said to face lawsuit over Turkish dairy maker
Legal action comes as liquidators of Dubai-based Abraaj seek to dispose of assets in developing nations around the world to help repay more than $1bn in debt
Abraaj Group
US hedge fund said to enter race to buy Abraaj assets
Sources say York Capital Management is offering $45m for the asset-management platform of embattled Dubai private-equity firm
Abraaj Group
Abu Dhabi firm enters new offer for Abraaj unit
Sources say a unit of Abu Dhabi Financial Group has made a fresh offer for the rights to manage Abraaj Group’s funds
Abraaj Group
Abraaj liquidator said to prefer Cerberus bid over rival Colony
Sources say agreement for Abraaj assets could be reached in the coming weeks
Abraaj Group
Abraaj case adjourned to July 15 amid final settlement talks
Case against founder Arif Naqvi is expected to be dropped after the scheduled court hearing on Sunday
Abraaj Group
Abraaj chairman resigns as buyout group restructures
Sean Cleary leaves Dubai-based private equity group following the appointment of the joint provisional liquidators
Abraaj Group
Dubai’s Abraaj said to plan filing for provisional liquidation
Sources say buyout firm set to file before June 29 as it continues to battle allegations of misused funds
Abraaj
Dubai’s Abraaj said to seek help over $1bn health fund concerns
Sources say Abraaj has hired investment bank Houlihan Lokey Inc for assistance in negotiations with investors
Abraaj Capital
Dubai’s Abraaj said to be cutting 15% of workforce
Sources say embattled buyout firm is seeking to placate investors following allegations of misused funds
LGT
LGT in Dubai: The same strategies and solutions as the owners
Brand View: Finding what makes LGT successful
Abraaj
Dubai’s Abraaj hit by more senior departures
Dubai-based Abraaj, which manages about $13.6 billion, is reorganising the business
Abraaj Group
Abraaj founder cedes control of funds division in reshuffle
Dubai-based private equity firm undergoes restructuring following reports of misused funds
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