Hedge Funds & Alternative Investments
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Cerberus Capital walks away from offer for Abraaj funds
Cerberus Capital Management has pulled out of the bidding process for Abraaj Group’s asset-management platform after its offer was rejected by investors of the embattled Dubai-based private equity firm, according to people familiar with the matter. Cerberus, whose offer of about $25 million for the rights to manage the platform…
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Click here to read the full story: Arabian Business