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Deals Rumor Mill: Abraaj, Sportradar, Xiaomi

Law360 (June 12, 2018, 5:02 PM EDT) -- Private debt specialist Auctus Fund Ltd. accused Emirati private equity firm Abraaj’s holding company and private equity division in Cayman Islands court of owing it roughly $300 million, the Wall Street Journal reported on Monday. The report came before Bloomberg reported on Tuesday that Abraaj Holdings plans to file for provisional liquidation in the British territory. The firm, according to Bloomberg’s report, has been plagued by allegations that it misused funds. In late May, Bloomberg reported that Colony NorthStar Inc. abandoned talks to buy a large...
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