Middle East-Geared Fund Pays $130M For Jordan Dubai Capital

Law360, New York (July 9, 2012, 12:24 PM EDT) -- Hong Kong's HPF Private Investment Fund Co. Ltd. has forked over $130 million to scoop up Jordan Dubai Capital, the Amman-based investment company that has targeted buys in its home country, the pair said Sunday.

The deal, which expands HPF's Middle Eastern presence, transfers ownership of the Jordanian investment group from private equity firm Dubai International Capital, the Social Security Investment Fund of Jordan, Arab Bank and other investors. HPF paid roughly $1.27 per share.

In the transaction, the Hong Kong firm picked up seven-year-old Jordan...
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