{"id":625749,"date":"2018-08-14T04:27:23","date_gmt":"2018-08-14T04:27:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/"},"modified":"2018-08-14T04:27:23","modified_gmt":"2018-08-14T04:27:23","slug":"kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/","title":{"rendered":"Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid"},"content":{"rendered":"<p><strong>Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid: <\/strong>Kuwait\u2019s Agility took its intention to acquire part or all of beleaguered private equity firm Abraaj to the next level by teaming up with US-based Centerbridge Partners, <a href=\"https:\/\/www.reuters.com\/article\/abraaj-ma-agility\/kuwaits-agility-teams-up-with-centerbridge-on-abraaj-bid-source-idUSL5N1V30MU\">sources told Reuters<\/a> on Monday. The pair is reportedly interested in buying Abraaj\u2019s investment management unit, with room to pick up another partner, sources added. Reuters had noted back in June that Agility is making a move to acquire parts of Abraaj, and is even setting up a team to manage the assets once it is acquired. Cerberus Capital Management <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/31\/what-were-tracking-on-31-july-2018\/\">had recently withdrawn<\/a> its USD 25 mn offer to acquire the rights to manage the Abraaj Group\u2019s assets after investors rejected the firm\u2019s bid. Abu Dhabi Capital Management was said to have made a USD 55 mn offer for the right to run Abraaj\u2019s assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid: Kuwait\u2019s Agility took its intention to acquire part or all of beleaguered private equity firm Abraaj to the next level by teaming up with US-based Centerbridge Partners, sources told Reuters on Monday. The pair is reportedly interested in buying Abraaj\u2019s investment management unit, with room [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625749","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4702d4b1-50ce-4741-a6e1-188e41186416","order":"0","is_powered_by":true,"section_story_id":"c24bab75-7fb3-4b89-aab1-4416b4bfe4ca","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625732],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid\" \/>\n<meta property=\"og:description\" content=\"Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid: Kuwait\u2019s Agility took its intention to acquire part or all of beleaguered private equity firm Abraaj to the next level by teaming up with US-based Centerbridge Partners, sources told Reuters on Monday. The pair is reportedly interested in buying Abraaj\u2019s investment management unit, with room [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-14T04:27:23+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid\",\"datePublished\":\"2018-08-14T04:27:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/\"},\"wordCount\":157,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/kuwaits-agility-and-centerbridge-team-up-in-abraaj-acquisition-bid\/\",\"name\":\"Kuwait\u2019s Agility and Centerbridge team up in Abraaj acquisition bid - 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Al Mal\u2019s piece suggests that Pharos is the sell-side adviser on the sale. Spinney\u2019s CEO Mohanad Adly\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602671,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/abraaj-lps-vote-to-give-actis-the-right-to-manage-defunct-firms-sub-saharan-africa-asia-funds\/","url_meta":{"origin":625749,"position":1},"title":"Abraaj LPs vote to give Actis the right to manage defunct firm\u2019s sub-Saharan Africa, Asia funds","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"M&A WATCH- Limited partners in Abraaj funds have reportedly voted in favor of giving Actis the right to manage the defunct PE firm\u2019s sub-Saharan Africa and Asia funds, unidentified sources tell Al Mal. The vote is not the final step in handing over the funds, which remains contingent on a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624319,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/five-pe-firms-are-kicking-the-tires-of-spinneys-the-abraaj-owned-retailer\/","url_meta":{"origin":625749,"position":2},"title":"Five PE firms are kicking the tires of Spinney\u2019s, the Abraaj-owned retailer","author":"enterpriseam admin","date":"5 September 2018","format":false,"excerpt":"** #7 M&A WATCH- Five PE firms are kicking the tires of Spinney\u2019s, the Abraaj-owned retailer: Abraaj Group-owned Spinney\u2019s Egypt is reviewing offers from five unnamed private equity funds hoping to acquire stake in the company from Egyptian shareholders looking to exit their investments, CEO Mohanad Adly tells Al Mal.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599231,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/nbk-capital-partners-quits-talks-to-acquire-abraajs-global-credit-fund\/","url_meta":{"origin":625749,"position":3},"title":"NBK Capital Partners quits talks to acquire Abraaj\u2019s global credit fund","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"M&A WATCH- NBK Capital Partners bows out of \u201cadvanced\u201d talks to acquire Abraaj\u2019s global credit fund: National Bank of Kuwait\u2019s brokerage unit NBK Capital Partners has exited advanced-stage talks to acquire a global credit fund from defunct PE firm Abraaj,Reuters reported, citing two sources familiar with the matter. 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The firm told Abraaj \u2014 which is liquidating and undergoing a court-ordered restructuring after allegations surfaced about the misallocation of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597086,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/its-official-actis-takes-over-management-of-apef-iv-and-aaf-iii-funds-from-abraaj\/","url_meta":{"origin":625749,"position":5},"title":"It\u2019s official \u2014 Actis takes over management of APEF IV and AAF III funds from Abraaj","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"It\u2019s official \u2014 Actis takes over management of APEF IV and AAF III funds from Abraaj: Emerging markets private equity giant Actis has officially taken over the management of the Abraaj Private Equity Fund IV (APEF IV) and Abraaj Africa fund III (AAF III) in a landmark transaction for PE\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625749"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625749\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625732"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625749"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625749"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}