News

Bidders emerge for Abraaj EM funds

AuctionUK-based emerging market investor Actis has become the latest bidder for the funds of beleaguered buyout firm Abraaj. Abraaj is reported to have received four bids for its emerging market funds – from Actis, Abu Dhabi Financial Group, US-based investment firm York Capital and Kuwait logistics firm Agility. Previous bidder Cerberus Capital Management pulled out in July after failing to receive enough shareholder support for its bid. Abraaj has been forced to look for buyers for its emerging markets funds after falling out with investors in its $1 billion healthcare fund over allegations of mismanagement. The disputed healthcare fund is not included in the aforementioned bids. Two US-based private equity firms, TPG and KKR & Co are reported to be the most likely buyers of the healthcare fund. Abraaj is expected to close the various deals for its funds before the end of the year. ©2018 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

Roundtables

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.