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German Wunderkind Turns to Plan B After Abu Dhabi Fund Walks

  • Windhorst says he has 200 million euros lined up for Sapinda
  • Abu Dhabi Capital ends six months of talks on support
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Lars Windhorst made and lost a fortune before his 30th birthday. By the time he was 32, one of his companies faced another insolvency. The one-time German wunderkind has been fighting to avoid a third strike.

Abu Dhabi Capital ended more than six months of talks to provide a 1 billion-euro ($1.1 billion) bond guarantee and an equity injection for Windhorst’s main vehicle, Sapinda Invest, according to a statement to Bloomberg from the private investment fund, which is majority-owned by Sheikh Sultan Bin Khalifa Al Nahyan, the eldest son of the U.A.E.’s president. Within hours of that announcement, Windhorst said he separately arranged a 200 million-euro financing package from existing stakeholders.