Having only recently emerged from Chapter 11 bankruptcy protection, Bahraini investment group Arcapita has revealed plans to raise $100m from investors to target deals in the logistics, education and healthcare space.
Arcapita CEO Atif Abdulmalik told Reuters, “The interest is there, from the same old board members and investors. They’re interested to roll the dice again.”
The firm said it will continue to manage the Arcapita investment portfolio on behalf of investors and creditors. RA Holding, a new entity owned by its creditors, will realise the value of Arcapita’s interests in its investment portfolio, while a new entity could potentially look to make new deals.
The reorganisation put in place a $350m Goldman Sachs led financing facility that will be utilised to fund operating cash flow requirements.
Arcapita, which has some $7.4bn of assets under management, filed its reorganization plan in February this year.
Copyright © 2013 AltAssets