Dubai’s Abraaj eyes up to 4 exits in next 18 months

Dubai-based private equity firm Abraaj Capital plans to sell up to four of its investments in the next 18 months, a senior executive said on Monday.

Abraaj has been trying to offload its stake in Turkish hospital group Acibadem in a deal that could be worth at least $500 million.

Matteo Stefanel, senior partner, said other exits were likely. “We are also looking at one to three exits in the next 18 months,” Stefanel told Reuters on the sidelines of a conference, without elaborating on details.

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