Bahrain-based Investcorp has agreed to acquire a majority stake in Arvento Mobile Systems, a Turkish firm that specialises in vehicle tracking systems, the alternative investment firm said on Tuesday.
The founders of the business
Bahrain Bourse-listed Investcorp, an alternative investment manager, has reported five per cent increase in net income at $45.3 million for the period from July to December 2014.
This compares with net income of $43.3 million for
Alternative investment fund Investcorp will continue making investments in the US services and consumption-related sectors and real estate on the back of the country's improving economy, a top executive said on Monday.
Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.
The acquisition is subject to Spanish competition authorities clearance,
Investcorp, a global provider and manager of alternative investment products, has signed a definitive agreement for FishNet Security to join Accuvant, combining two leading providers of information security services and solutions.
Bahrain-based Investcorp has acquired Italian protective clothing maker Dainese for an enterprise value of 130 million euros ($163 million), the alternative investment firm said in a statement on Wednesday.
Investcorp has bought t
Bahrain-based alternative investment fund Investcorp said on Thursday it and sovereign fund Mumtalakat had acquired US-based workforce management solution provider PRO Unlimited.
PRO is a Florida-based software and services firm,
Investcorp is targeting a more than 30 per cent hike in its assets under management (AUMs) in the next five years as Middle Eastern investors increasingly see private equity as a way to diversify out of traditional investment routes.
American buyout firms Carlyle and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, several sources familiar with the situation said.
Investcorp, a leader in alternative investment, said on Thursday that its executive chairman and chief executive Nemir Kirdar would retire on June 30, 2015 after more than 30 years leading the alternative investment firm.