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$1B private equity firm files petition in Cayman

The middle east’s largest private equity firm has filed a petition in the Cayman Islands asking the court to appoint PWC as provisional liquidators for the company.

Dubai-based company Abraaj is trying to stem the fallout with major investors like the Bill and Melinda Gates Foundation.

Creditors seek to wind up the company for non-payment after a row over how the US $1 billion health care fund uses its money.

About the author

Kevin Morales

Kevin Morales

Cayman 27 News Director Kevin Morales is an award-winning journalist with more than 12 years of experience. Kevin is a Milwaukee, Wis., native. He graduated with a bachelor's degree in journalism in 2005 from the University of Minnesota. He's a proud father and a loyal fan of the Green Bay Packers, Milwaukee Brewers, Milwaukee Bucks and U of M Golden Gophers.

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