In 2008, the Dubai-based private equity group Abraaj Capital has invested $ 360 million Karachi Electric Supply Company, a troubled utility is Pakistan’s largest city. In 2010, the company has made great strides in turning around the company, but the transition is not complete. In fact, the performance of the task involves significant work in the reconstruction of the social contract in addition to correcting matters of corporate governance and power. Is that the direction for private equity in t … Read more »

In 2008, the Dubai-based private equity group Abraaj Capital has invested $ 360 million Karachi Electric Supply Company, a troubled utility is Pakistan’s largest city. In 2010, the company has made great strides in turning around the company, but the transition is not complete. In fact, the performance of the task involves significant work in the reconstruction of the social contract in addition to correcting matters of corporate governance and power. Is that the direction for private equity in the future?
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from
Josh Lerner,
Asim Ijaz Khwaja,
Ann Leamon
Source: Harvard Business School
30 pages.
Release Date: 1 February 2012. Prod #: 812019-PDF-ENG
Abraaj Capital and the Karachi Electric Supply Company HBR case solution