Dinesh Nair
Stories by Dinesh Nair
China’s Fosun said to be mulling takeover bid for $10b Belgian insurer Ageas
Ageas is the biggest life insurance provider in Belgium and #2 non-life insurer.
Saudi Aramco said to line up banks to fund Sabic acquisition
Aramco is considering buying 50-70% from the Public Investment Fund, the country’s sovereign wealth fund, which controls Sabic
Cerberus Capital walks away from offer for Abraaj funds
Cerberus, whose offer of about $25 million for the rights to manage the platform, was the lowest among several bidders.
US hedge fund York Capital joins race for Abraaj assets
New York-based hedge fund York Capital Management is said to have placed a $45 million offer for Abraaj’s asset-management platform.
Abu Dhabi firm counters Cerberus’ offer for Abraaj unit with $55m bid
Abu Dhabi Capital Management told Abraaj’s liquidators it would pay $30 million to buy the rights to manage Abraaj’s funds and $25 million to cove
Investors in Abraaj’s near $1b Africa Fund seek new manager
Investors in the $990 million Abraaj Africa Fund III want to replace the Dubai-based company and have reached out to potential investors including Car
Cerberus, Colony Capital make new offers for Abraaj funds
Cerberus has made a bid for all of Abraaj’s funds but hasn’t offered to buy the limited-partnership stakes in the underlying funds.
HK Peterson Group-backed wealth manager LJ Partnership eyes global expansion
LJ Partnership already has close ties to the Peterson Group, which acquired 20% of the firm in 2016. Peterson, led by Tony Yeung and best known for in
Uber in talks with Careem to merge in Middle East
In its discussions with Careem, Uber has reportedly said that it would need to own more than half of the combined company, if not buy Careem outright.
Dubai’s Abraaj said to plan filing for provisional liquidation
The Dubai-based investment firm plans to file before June 29 when a court hearing of a petition to liquidate Abraaj Holdings by Kuwait’s Public Inst
