Abraaj Holdings, Abraaj Investment Management Limited and Colony Capital, Inc. Successfully Agree on Transaction - Seite 2

Arif Naqvi, Founder, The Abraaj Group added, "The appointment of the joint provisional liquidators and the start of the process of restructuring this business that we operated across diverse markets is a moment of introspection, but also one of satisfaction, knowing that the teams that have been nurtured over the years and the businesses that we were proud to invest in now have a clearly defined future and a good home that will become the custodians of the next phase of this journey."

Selcuk Yorgancioglu and Omar Lodhi, Co-Chief Executives of Abraaj Investment Management Limited said," We are pleased to join the Colony platform and team which allows us to continue building our businesses in the fast-growing markets that we have been committed to for over two decades."

Michael Jervis, Partner at PricewaterhouseCoopers and Joint Provisional Liquidator of Abraaj Holdings, said, "This is an important milestone towards achieving the overall objectives of the Provisional Liquidation and restructuring as set out in the Court Order. We shall be consulting with our creditors in the coming days on this planned transaction prior to seeking the approval of court." 

Stuart Sybersma, Partner at Deloitte and Joint Provisional Liquidator of Abraaj Investment Management Limited ("AIML") said "We are pleased to have agreed a sale of certain of AIML's business units and assets in such a short timeframe, allowing, in line with our restructuring mandate, for these business units to continue to trade and ensuring continuity of service to investors and employment for the members of staff employed in these regions.  The next step is to seek sanction of the Cayman Islands Court for the transaction, which will be undertaken on an expedited basis."

 

For Abraaj media enquiries, please contact:

Mitali Atal
Director, Communications
Abraaj
T: [phone]
E: [e-mail]

Jon Aarons/Andrew Cole
Sard Verbinnen & Co.
T: + 44 20 3178 8914/+ 1 212 687 8080
E: [e-mail]

For Colony Capital, Inc. media inquiries, please contact:

Blicksilver P.R.
Kristin Celauro
T: [phone]
E: [e-mail]

About Colony Capital, Inc.
Colony Capital, Inc. (NYSE: CLNY) is a leading global real estate and investment management firm. The Company has significant property holdings in the healthcare, industrial and hospitality sectors, other equity and debt investments and an embedded institutional and retail investment management business. The Company currently has assets under management of $43 billion and manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies. The firm maintains principal offices in Los Angeles and New York, with approximately 500 employees in offices located across 18 cities in ten countries. For additional information regarding the Company and its management and business, please refer to www.clny.com.

The Company's name change to Colony Capital, Inc., NYSE ticker change from CLNS to CLNY and website change from www.clns.com  to www.clny.com shall be effective June 25, 2018.