TPG, KKR leading contenders to manage Abraaj's healthcare fund: sources | Reuters:
Buyout firms TPG (TPG.L) and KKR & Co (KKR.N) have emerged as leading contenders to run Dubai-based private equity firm Abraaj’s troubled $1 billion healthcare fund, three sources familiar with the matter said.
The two firms have access to the healthcare fund’s virtual data room and are about to start due diligence, with offers expected in the next few weeks, two of the three sources said.
They have emerged as frontrunners from an initial list of six bidders, two of the sources said, adding that some had been told investors wanted a potential manager with a large balance sheet and the ability to handle multiple regulators.
No comments:
Post a Comment