Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 03 2018

TPG, KKR emerge as contenders for Abraaj’s healthcare fund

The two firms are about to start due diligence, as they have complete reach to the healthcare fund’s virtual data room, with offers expected in the next few weeks.

Two leading investor firms, Buyout firms TPG and KKR & Co have turned as the vying firms to run Dubai-based private equity firm Abraaj’s troubled $1 billion healthcare fund, three sources familiar with the matter said.

The two firms are about to start due diligence, as they have complete reach to the healthcare fund’s virtual data room, with offers expected in the next few weeks, two of the three sources said.

The two of the sources said, they have emerged as frontrunners from an initial list of six bidders, , adding that some had been told investors wanted a potential manager with a large balance sheet and the ability to handle multiple regulators.

TPG is trying to do the deal through its Rise Fund, its $2 billion impact investment vehicle which counts Irish rock star Bono among its founders, said one of the sources.

The sources wished anonymity because details of the sale process are not public.

Abraaj’s healthcare fund became disputed since investors such as the Bill & Melinda Gates Foundation and International Finance Corp (IFC) started to put Abraaj on trial for how itused some of its money.

This triggered months of turmoil at the Middle East and North Africa’s biggest buyout fund, which halted its fundraising activities and shook up its management as it tackled ensuing debt repayment problems.

Comment
image
Related opportunities
  • Certification course coaching
    About Us: IMS Group of Companies is a brainchild of Mr..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Other Vocational Training
    About Us: The Sunday Science School is a registered institute for..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • India’s first dedicated Pay-Per-Workout gym! Identifying the tendency of Indians not..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities