Abu Dhabi private equity firm Gulf Capital has attracted nearly a dozen initial bids for its Gulf Marine Services unit (GMS), two sources said, with a sale seen generating around $500 million.
Gulf Capital, which has around $1 billion of assets under management, is planning to exit two investments in 2012, including GMS, a regional support barge company, its chief executive told Reuters last year.
"This sale will be a litmus test for other private equity exits in the region. It's a strong asset and the initial interest for it is encouraging," one banking source said, speaking on condition of anonymity.
No comments:
Post a Comment