Actis to push for investor vote on Abraaj fund takeover

Pedro Gonçalves
clock • 1 min read

London-based Actis is preparing to push an investor vote next week on its takeover proposal of one of Abraaj's biggest funds. The private equity firm is seeking protection from potential legal claims against the Dubai buyout group, Reuters reports. Actis has moved to take control of Abraaj Private Equity Fund IV (APEF IV) but the plan was sidetracked as the British firm sought legal protection from any claims surrounding allegations of missing money, three sources close to the matter said earlier. Abraaj, founded by Arif Naqvi in 2002, was the largest buyout fund in the Middle East an...

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