Cerberus in pole position in Abraaj auction as Colony bid rejected | Financial Times:
Cerberus Capital Management is expected to decide as early as this week whether to go ahead with a proposed investment in private equity group Abraaj’s funds platform, a person familiar with the matter said.
The US-based asset manager is in pole position to take an interest in the Dubai-based group after liquidators rejected Colony Capital’s bid to purchase some of Abraaj’s funds.
Cerberus, which in early June had been presented to creditors as a preferred bidder, is still deciding whether it is willing to incur the potential reputational damage from involvement with the Abraaj franchise.
No comments:
Post a Comment