France: Abraaj Holdings has filed an application for a court-supervised restructuring in the Cayman Islands, following weeks of speculation over its future
The Middle East’s largest buyout firm plans to appoint Simon Conway of PwC Corporate Finance and Recovery, and Michael Jervis and Mo Farzadi of PricewaterhouseCoopers, as its joint provisional liquidators, according to reports by Bloomberg.
“The company has made this application so that the rights of all stakeholders can be protected while the company and the JPLs promote a consensual restructuring of the Company’s obligations,” Abraaj said in a statement quoted by Bloomberg.
