Private equity firms in the Middle East are preparing to exit a range of investments, a sign that asset markets in the region are recovering from the twin blows of Arab Spring uprisings and the global financial crisis.
Firms including Abraaj Capital, Egypt's Citadel Capital, Abu Dhabi-based Gulf Capital and the private equity
arm of Standard Chartered aim to conduct at least three initial public offers of shares and a dozen portfolio asset
sales in coming months, conversations with industry executives suggest.
"In the Middle East, and unlike previous years, we're expecting a wave of exits. This means more money channeled back to investors," said Steve Murphy, managing director at Citadel.
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