17 Aug 2014
(MENAFN) Dubai-based Abraaj Group and TPG Capital, a US buyout firm, are reportedly closing in on a deal to purchase a majority stake in Kudu, the Saudi Arabian fast food chain, Arab News reported.
The transaction, which is expected to be signed by early September, is set to value Kudu at approximately USD500 million.
Kudu, which is owned by four individual shareholders, operates about 200 outlets in the kingdom, its products ranging from breakfasts, grilled chicken sandwiches and burgers.
Abraaj and TPG are currently in talks with several banks to borrow around USD187 million to finance the Kudu acquisition.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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