Abraaj unit hires IPO banks

Stanford Marine Group, part of emerging markets-focused private equity firm Abraaj Group, has hired banks to help arrange a stock market listing in London, as regional private equity firms tap overseas stock markets to exit investments. Deutsche Bank and Goldman Sachs have been picked to arrange the listing of the oil and gas services firm, scheduled for the first quarter of 2014, three banking sources said, speaking on condition of anonymity as the matter has not been made public.