403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UAE's Abraaj, TPG sign deal to purchase stake in Saudi's Kudu
(MENAFN) Private equity firms Abraaj and TPG Capital have signed a deal to buy a majority stake in Saudi Arabian fast-food chain Kudu, sources aware of the matter showed, Arab News reported.
The deal is a first in the region for TPG, which manages about USD65 billion capital according to its website, and highlights a growing level of interest among international private equity players for assets in the Middle East.
It also joins a growing list of deals for consumer-focused firms in the Gulf region, which are drawing buyers' attention because they grant access to a young and increasingly wealthy population.
Abraaj and TPG declined to comment. Kudu couldn't be reached for comment.
The deal is a first in the region for TPG, which manages about USD65 billion capital according to its website, and highlights a growing level of interest among international private equity players for assets in the Middle East.
It also joins a growing list of deals for consumer-focused firms in the Gulf region, which are drawing buyers' attention because they grant access to a young and increasingly wealthy population.
Abraaj and TPG declined to comment. Kudu couldn't be reached for comment.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment