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Another twist in battle for K-Electric ownership

LONDON: A legal dispute has broken out into the open between Ernst & Young and Infrastructure Growth and Capital Fund SPV 21, a Cayman Island entity under the control of Shaheryar Arshad.

City ofUnited kingdomCayman islandsSaudi arabiaKeiran hutchisonShaheryar arshad chishtyCasey mcdonaldHani bisharaShaheryar chishtyNational industries groupKarachi stock exchangeAbraaj groupMashreq bankAljomaih group of saudi arabiaAbraaj holdingEy cayman ltd

Another twist in battle for K-Electric ownership

Dispute emerged when majority ownership of IGCF SPV 21 recently changed hands

Cayman islandsCity ofUnited kingdomSaudi arabiaCasey mcdonaldHani bisharaShaheryar arshad chishtyKeiran hutchisonKarachi stock exchangePower ltdAbraaj holdingsSage venture group limitedAbraaj holdingCayman grand courtNational industries groupGrowth capital fund

PE firm Evercare to raise Sh7 billion for hospitals

PE firm Evercare to raise Sh7 billion for hospitals
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Nairobi areaUnited statesUnited kingdomSam maina thenyaRise fundTexas pacific groupCompetition authority of kenyaMetro group plcKenya pension funds investment consortium kepficGates foundationGroup holdingsAbraaj holdingsEvercare africa fundAvenue hospitalNairobi womens hospitalNairobi women

IFC okays Sh1 7bn Avenue Hospital growth loan

The International Finance Corporation (IFC) has approved a Sh1.7 billion ($ 12.7 million) senior loan to Avenue Hospital.

United statesNairobi areaAmena arifImran osmanAvenue groupInternational finance corporationTexas pacific groupRise fundEvercare health fundGates foundationAbraaj holdingsAvenue hospitalSouth asiaDubai based abraaj holdings

Mauritius private equity firm in talks to fully acquire Java

Mauritius-based private equity firm Adenia Partners is in discussions to fully acquire restaurant chain Java House.

United statesUnited kingdomNairobi areaSouth africaDar es salaamJava houseArgyll and buteKwazulu natalSaudi arabiaGreater accraDerrick van houtenKevin ashleyVan houtenPriscilla gathunguCity lodge two rivers to actisAbraaj holdings