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Abraaj May Sell Part Of Investment Management Business

DUBAI: Private equity firm Abraaj Group is considering selling part of its investment management business as it seeks to stem the fallout from a dispute with investors in one of its funds, three sources familiar with the matter said.

Dubai-based Abraaj is in early stage talks with several possible buyers, the sources said, with one source saying Abu Dhabi Financial Group was among them and another source saying Abraaj had received interest from international financial firms.

The talks are focused on Abraajís investment management business, a core part of its operations, two of the sources said.

The Wall Street Journal earlier reported that Abu Dhabi-state-owned investment vehicle Mubadala Development and Abu Dhabi Financial Group had held talks with Abraaj about a possible sale of the firmís private equity business.

 
   
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