(Bloomberg) York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to people familiar with the matter. The New York-based firm is offering $45 million for the platform, including about $20 million in severance payments for staff, the people said, asking not to be identified as the information is private. Abraaj is currently under a court-supervised liquidation, and that liquidator would keep managing the assets in the funds. No final agreements have been reached and the deliberations may not lead to a deal, the people said.
Hedge Fund York Capital Joins Race for Abraaj Assets
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