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Uae Airline Starts Legal Case Against Abraaj Founder Naqvi - The Financial Express

The low-cost carrier said it began legal proceedings "through the filing of a misdemeanor case" in a court in Sharjah, the United Arab Emirates. "Air Arabia Group has investments outstanding with private equity firm Abraaj," it said in a statement.
Read by 74% of LPs January 10, 2019

Australia's Quadrant Pe Explores Sale Of $1.4B Fitness And Lifestyle Group: Report

Quadrant is said to have held initial discussions with a few private equity firms and a formal sale process is expected to kick-off in the coming months. The post Australia's Quadrant PE explores sale of $1.4b Fitness and Lifestyle Group: Report appeared first on DealStreetAsia.
Read by 40% of LPs January 09, 2019

Genstar Consolidates Portfolio Holding Strategic Insight Into Iss Division | Swfi - Sovereign Wealth Fund Institute

U.S. proxy firm Institutional Shareholder Services Inc. (ISS) signed a deal to acquire Strategic Insight Inc., a mutual fund data provider which owns a collection of news sites and databases. The newly-acquired firm will be under ISS Analytics. Both ISS and Strategic Insight are portfolio companies of San Francisco-based private equity firm Genstar Capital. Strategic [...]
Read by 46% of LPs January 08, 2019

Sika's Parex Deal Highlights Building Materials Buyouts

* Sika makes biggest ever deal with $2.5 billion Parex acquisition. : ZURICH (Reuters) - Swiss chemicals company Sika AG (SIKA.S) has agreed to buy French rival Parex in a 2.5 billion Swiss franc ($2.6 billion) deal, the latest in a wave of consolidation in the construction materials sector. The global market for construction chemicals, whose products are used to waterproof and strengthen cement in projects such as the Gotthard Base Tunnel under the Alps, is worth around $70 billion, analysts estimate. Sika is buying Parex from private equity firm CVC Capital Partners.
Read by 36% of LPs January 07, 2019

Aion Capital Acquires Bpo Firm Interglobe Technologies | Business Standard News

AION Capital, a joint venture between ICICI Venture and Apollo Global Management has acquired back-end services unit of Indigo airline, Interglobe Technologies (IGT), for an undisclosed amount. AION Capital has a committed capital of USD 825 million, according to a statement. Its website says its objective is to invest in stressed, distressed and special credit opportunities. IGT was founded by budget carrier Indigo's parent Interglobe Enterprises in 1998 and services 70 customers engaged in travel and hospitality globally as a business process management company, an official statement said.
Read by 56% of LPs January 04, 2019

Ex-toys 'r' Us Staffers Start Receiving Checks From Hardship Fund

Santa Claus has finally begun to make his rounds for ex-Toys 'R' Us employees. Former staffers who lost their jobs when the toy chain liquidated last June began receiving checks from a $20 million hardship fund that was established by KKR and Bain Capital, the buyout firms that led the chain into bankruptcy in late...
Read by 72% of LPs December 28, 2018

Private Equity Buyouts Have Become Viable Exit Options -- Even For Early-stage Startups - Techcrunch

About 13 years ago I faced an excruciating decision: whether to sell my company, Pinnacle Systems, to a private equity firm or to another large public company.
Read by 39% of LPs December 18, 2018

Carlyle Leads Race For Sbi Life Stake; Tpg May Control Abraaj Health Fund

BNP Paribas, which owns 22% in SBI Life, is selling its stake as Indian regulations require the insurer to raise its free float to 25%. The post India Digest: Carlyle leads race for SBI Life stake; TPG may control Abraaj fund appeared first on DealStreetAsia.
Read by 34% of LPs December 17, 2018

Meet Zubin Karkaria, The Man Who Built The World's Largest Visa And Consular Services Company

An interview with Zubin Karkaria, founder of VFS Global and CEO of Kuoni. : Zubin Karkaria, chief executive officer of Kuoni Reisen Holding AG, poses for a photograph following the company's extraordinary general meeting in Zurich, Switzerland, on Monday, May 2, 2016. EQT Partners AB won the bidding for Swiss travel services company Kuoni Reisen Holding with a 1.39 billion-franc ($1.4 billion) offer and the Swedish buyout firm said it plans further acquisitions in the industry.
Read by 34% of LPs December 17, 2018

Carlyle Nearing Deal To Buy Standardaero For More Than $5 Billion: Sources

Private equity firm Carlyle Group LP is nearing a deal to acquire aviation services company StandardAero from Veritas Capital, another buyout firm, for more than $5 billion, including debt, people familiar with the matter said on Monday.
Read by 44% of LPs