Abu Dhabi’s Wealth Fund Buys Stake in CVC-Owned TMF Group

Abu Dhabi’s Wealth Fund Buys Stake in CVC-Owned TMF Group

Abu Dhabi Investment Authority has agreed to invest in TMF Group, the corporate-trust services provider owned by CVC Capital Partners that had been exploring an initial public offering. The Middle East sovereign wealth fund will take a significant minority stake in...
Carlyle, Advent close in on $1bn Yes Bank stake

Carlyle, Advent close in on $1bn Yes Bank stake

Yes Bank’s plan to bring Carlyle and Advent on board as equity investors for about $1bn has gathered pace, following the proposed sale of the lender’s stressed assets to JC Flowers Asset Reconstruction Company and the constitution of a new board, said people in the...