Uber’s Careem Seeks $500m From Abu Dhabi and Saudi Funds

Uber’s Careem Seeks $500m From Abu Dhabi and Saudi Funds

Uber Technologies’s Middle Eastern subsidiary is looking to raise as much as $500m from investors including regional sovereign wealth funds to help bankroll an expansion into services beyond ride-hailing, people familiar with the matter said. Dubai-based Careem has...
Ardian launches Real Estate Debt strategy

Ardian launches Real Estate Debt strategy

Ardian, a world-leading private investment house, today announced the creation of a Real Estate Debt activity to manage funds and mandates related to finance pan-European real estate projects. Ardian Real Estate Debt will be managed by Arnaud Chaléac, as Head of...
Cerberus to take over bankrupt Hanjin shipyard for $300m

Cerberus to take over bankrupt Hanjin shipyard for $300m

US-based private equity firm Cerberus is set to buy the Philippines’ insolvent Hanjin Subic Bay shipyard in a $300m deal, reported Reuters. The shipyard is located at a former US navy base near to the South China Sea. Its strategic location is said to make it...
Carlyle to acquire CBAM for $787m in credit investment push

Carlyle to acquire CBAM for $787m in credit investment push

Carlyle Group Inc said on Wednesday it would acquire credit investment platform CBAM Partners for nearly $787m, in a deal that would make the buyout firm the biggest manager of collateralized loan obligations (CLOs). Washington, D.C.-based Carlyle is attempting to...
LanzaTech to go public in SPAC deal, valued at $2.2bn

LanzaTech to go public in SPAC deal, valued at $2.2bn

LanzaTech NZ Inc said on Tuesday it plans to go public by merging with special purpose acquisition company AMCI Acquisition Corp II, in a deal that values the carbon recycling technology company at $2.2bn. The deal is expected to raise gross proceeds of nearly $275...