date:Nov 12, 2013
TPG Capital and Abraaj Group have teamed up to compete against KKR Co for a majority stake in Saudi Arabian fast-food chain Kudu, three banking and industry sources said.
A stake purchase by either KKR or TPG would be their first investment in the Middle East and shows the heightened interest in the region's economic growth and its young and increasingly wealthy population.
Riyadh-based Kudu, which operates more than 200 restaurants in the kingdom, is owned by four individual shareholders, in