May 16, 2006
MENA PE: Note
Something to return to FT has a note on PE firms in region: but a quick note, don't take Abraaj's self-serving spin for fact. Their count as well as self-description are entirely self-serving. Good illustration, however, of the utility of objective data.
Posted by The Lounsbury at May 16, 2006 07:05 PM
Filed Under: Biz - Private in MENA
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Right. If I ever write an article that's as obvious a piece of self-serving puffery, please shoot me.
Posted by: Tom Scudder at May 17, 2006 07:05 AM
Well, I wouldn't call it self-serving puffery, rather somewhat gullible regurgitating self-serving puffery.
The author seems new to the region or territory. Easily sold a line.
Posted by: The Lounsbury at May 18, 2006 01:53 AM
I suppose I should have said, "If I ever get so obviously snowed by someone serving up self-serving puffery..."
Posted by: Tom Scudder at May 19, 2006 09:24 PM
Well, that would be very accurate.
But the Abraaj people have been working that for as long as I have known them, and in the absence of convincing communication from other PE firms in region....
They sell their line of bull.
Frankly, I have good reason to opine they engage in something rather close if not indistinguishable from laundering.
Posted by: The Lounsbury at May 19, 2006 11:18 PM