Cerberus Capital Management LP offered $125 million to acquire the private-equity business of embattled Abraaj Group of Dubai, people familiar with the matter said, amid a fight with creditors over Abraaj’s debt-restructuring plan. Abraaj’s executives are pinning their hopes on the Cerberus bid to bring stability while it works out financial obligations with creditors spooked by questions raised about its financial practices. Once one of the top private-equity players in the Middle East’s nascent financial community, Abraaj...

Source: Wall Street Journal June 04, 2018 21:16 UTC