Three of Dell's largest investors joined Southeastern Asset Management in objecting to a $24.4 billion buyout of the No 3 PC maker led by chief executive Michael Dell, sources said, as opposition grows to the largest buyout since the start o
Essdar Capital, an advisory and investment firm backed by Abu Dhabi royals, said its management bought out its existing shareholders, in a rare management led buy-out of a specialist financial institution in the Middle East.
Egyptian billionaire Naguib Sawiris will drop out of a buy-out consortium targeting investment bank EFG Hermes after EFG shareholders backed an alternative tie-up with Qatar's QInvest, an EFG source told Reuters on Tuesday.
But the head of
Private equity executives from the US and across the Middle East descend on Dubai this week to seek out investment partners and deals during one of the most tumultuous periods in the industry's history.
The three-day annual Super Return Mi
The Federal Reserve and Bank of England (BoE) denied a report that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis.
However, the BoE said it w
General Motors said on Tuesday it would offer a new round of buyouts to all of its US hourly union workers as it posted a $722 million quarterly loss that underscored the pressure the top US automaker faces in its slumping home market.
The UAE-based Abraaj Capital has acquired 100 per cent of GMMOS Group, a major regional oil and gas services and industrial group operating in the Gulf and Caspian markets.
GMMOS Group comprises four well-established business divisions, i