Tuesday, March 06, 2012

The sharia-compliant group, Arcapita Bank, who is heavily invested in Small Smiles Dental Centers, is facing $1bn toothache.

Last updated: February 27, 2012 8:31 am

Bahrain’s Arcapita faces debt challenge
By Simeon Kerr in Dubai and Camilla Hall in Abu Dhabi

Bahrain-based private equity investor Arcapita Bank is facing a potentially painful debt workout as it mandates advisers ahead of the March deadline for the Manama-based group to repay $1.1bn of loans.

Privately-held Arcapita, which declined to comment, owns a broad portfolio of companies in the US and Europe, including UK rail cargo company Freightliner, Irish utilities group Viridian and US women’s apparel retailer J Jill.

Read more about Arcapita’s troubls here