MENA private equity group Abraaj Capital is reported to have entered talks with government owned Dubai World to buy a 15 percent stake in its ports operator DP World. The proceeds could go towards helping Dubai World’s real estate arm, Nakheel, pay down debts.
MENA private equity group Abraaj Capital is reported to have entered talks with government owned Dubai World to buy a 15 percent stake in its ports operator DP World. The proceeds could go towards helping Dubai World’s real estate arm, Nakheel, pay down debts.
The chairman of Permira says he has never experienced such a ‘lack of clarity’ over the economic outlook and has warned investors that things may get worse before recovery. Megadeals will be replaced by smaller investments for 'a very long time', he says.
Intense competition has sent bid prices to more than triple the original reserve price for one of the three nuclear power station sites up for sale in Britain. A group of bidders for one site in Essex that included Spain's Iberdola and France's GDF Suez have dropped out of competition.
London based law firm SJ Berwin is planning to open an office in Dubai, the first for the firm in the Middle East.
Only two bidders have come forward for London's second airport, with a Citi-led consortium failing to make an offer by the bid deadline. Analysts said bids were between £1.3bn to £1.5bn, well below the £1.8 billion to £2 billion seller Ferrovial expected when it announced the sale.
The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.
The listed British private equity investor has confirmed that it is considering a rights issue, following media reports that the firm is looking at raising up to £700m.
Cuts to government spending will force governments to increase private provision of public services, argues Michael Kapoor.
California Governor Arnold Schwarzenegger, along with fellow US governors Edward Rendell and Jon Huntsman, today reiterated America's dire infrastructure needs. Rendell estimated the US will need up to $1.5tr in infrastructure investment over the next five years and said PPPs will 'certainly' have a role.
The bank, which is currently assisting with fundraising for groups including MBK Partners, Alinda Capital and Citadel, has decided to wind down its private equity fund placement arm by year end. Two of its executives have already been hired by Credit Suisse as part of its asset management division's global expansion.
InfrastructureInvestor’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
The London-listed private equity firm has offloaded a portfolio of 10 venture capital investments to the secondaries specialist. 3i has also exited its growth capital investment in shipping services company Instone International for between €30m and €50m.
The buyout industry’s energy-focused veteran continues to prove LPs are keen on energy, topping its own record for the largest energy fund raised to date. The final close comes less than a year after its initial close, though is far from its $12bn target and $16bn hard-cap.
Formerly an investment vehicle for Abu Dhabi’s sovereign wealth, the Abu Dhabi Investment Company is expanding into M&A advisory with the hire of Alex Carré de Malberg.