Abraaj files for restructuring
The Abraaj Group – which has been under pressure since governance concerns emerged in February – has appointed provisional liquidators to work on a restructuring of the firm after a second creditor filed a petition seeking to recover unpaid debts.
It caps a remarkable fall from grace for the Middle East-headquartered private equity firm, which has $13.6 billion in assets under management and targets growth markets in Asia and other regions. Arif...
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