{"id":627053,"date":"2018-07-18T03:53:54","date_gmt":"2018-07-18T03:53:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/"},"modified":"2018-07-18T03:53:54","modified_gmt":"2018-07-18T03:53:54","slug":"abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/","title":{"rendered":"Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets"},"content":{"rendered":"<p><strong>Abu Dhabi Financial Group\u2019s Abu Dhabi Capital Management has made a USD 55 mn offer for Abraaj Group\u2019s assets, <\/strong>\u201cchallenging a bid from Cerberus Capital Management,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-17\/abu-dhabi-firm-is-said-to-challenge-cerberus-bid-for-abraaj-unit\">sources told Bloomberg yesterday<\/a>. The firm told Abraaj \u2014 which is liquidating and undergoing a court-ordered restructuring after allegations surfaced about the misallocation of funds \u2014 that \u201cit would pay USD 30 mn to buy the rights to manage Abraaj\u2019s funds and USD 25 mn to cover the company\u2019s costs and end-of-service payments for employees,\u201d according to the sources. Cerberus had made a bid for USD 25 mn. Colony Capital is also said to be in advanced talks to <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/11\/what-were-tracking-on-11-july-2018\/\">acquire a number of Abraaj\u2019s funds<\/a> and Global PE firm Actis has <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/16\/actis-looks-to-buy-abraaj-groups-95-stake-in-nahda-university\/\">reportedly started talks<\/a> to acquire the Group\u2019s stake in Nahda University.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi Financial Group\u2019s Abu Dhabi Capital Management has made a USD 55 mn offer for Abraaj Group\u2019s assets, \u201cchallenging a bid from Cerberus Capital Management,\u201d sources told Bloomberg yesterday. The firm told Abraaj \u2014 which is liquidating and undergoing a court-ordered restructuring after allegations surfaced about the misallocation of funds \u2014 that \u201cit would [&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-627053","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"84c65f4c-80ee-470c-8f55-0ba5cd65c339","order":"0","is_powered_by":true,"section_story_id":"6e0bcd92-2946-4427-bb26-e781ba0a58dd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627037],"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>Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets - 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\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets\" \/>\n<meta property=\"og:description\" content=\"Abu Dhabi Financial Group\u2019s Abu Dhabi Capital Management has made a USD 55 mn offer for Abraaj Group\u2019s assets, \u201cchallenging a bid from Cerberus Capital Management,\u201d sources told Bloomberg yesterday. The firm told Abraaj \u2014 which is liquidating and undergoing a court-ordered restructuring after allegations surfaced about the misallocation of funds \u2014 that \u201cit would [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-18T03:53:54+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\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets\",\"datePublished\":\"2018-07-18T03:53:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/\"},\"wordCount\":141,\"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\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/\",\"name\":\"Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets - 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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 funds \u2014 that \u201cit would [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-07-18T03:53:54+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets","datePublished":"2018-07-18T03:53:54+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/"},"wordCount":141,"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\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/18\/abu-dhabi-capital-management-makes-usd-55-mn-offer-for-abraaj-groups-assets\/","name":"Abu Dhabi Capital Management makes USD 55 mn offer for Abraaj Group\u2019s assets - 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The pair is reportedly interested in buying Abraaj\u2019s\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":624420,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/pharos-adviser-on-sale-of-spinneys-actis-makes-usd-1-offer-for-abraajs-assets\/","url_meta":{"origin":627053,"position":1},"title":"Pharos adviser on sale of Spinney\u2019s, Actis makes USD 1 offer for Abraaj\u2019s assets","author":"enterpriseam admin","date":"9 September 2018","format":false,"excerpt":"**#7 M&A WATCH- Pharos said to be advising on Spinney\u2019s sale: Our friends at Pharos Holdings are reportedly the advisers on the sale of Spinney\u2019s by majority owner Abraaj, according to Al Mal. 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":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":627053,"position":2},"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":[]},{"id":599231,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/nbk-capital-partners-quits-talks-to-acquire-abraajs-global-credit-fund\/","url_meta":{"origin":627053,"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. NBK Capital\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":627053,"position":4},"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":594966,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/actis-takes-over-two-more-abraaj-buyout-funds-in-africa-and-southeast-asia\/","url_meta":{"origin":627053,"position":5},"title":"Actis takes over two more Abraaj buyout funds in Africa and Southeast Asia","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"Actis takes over two more Abraaj buyout funds: Actis has reached an agreement to take over the management of two more buyout funds raised by defunct private equity giant Abraaj, according to the Wall Street Journal. A document written by Abraaj\u2019s liquidators shows that the firm was removed from managing\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627053","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=627053"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627053\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627037"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627053"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627053"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}