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.
Bahrain-based alternative investment manager Investcorp will complete the $1.43 billion sale of Berlin Packaging to Oak Hill Capital Partners in the first week of October, it said in a statement on Wednesday.
Investcorp bought a m
Bahrain-based Investcorp, an alternative investment manager with more than $11 billion of assets under management, will be making its first-ever investments in the kingdom within the next few years, said a top official.
Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the US for around $250 million.
The purchases, done in separat
Bahrain-based Investcorp, an alternative investment manager, has appointed Rebecca Hellerstein as managing director and cross asset strategist in the hedge funds business.
In this role, Hellerstein will have primary responsibility
Investcorp, an alternative investment manager listed on the Bahrain Bourse, has sold its SourceMedia, a business-to-business media company, to private equity firm Observer Capital.
Terms of the transaction were not disclosed, said a rep
Bahrain-based alternative investment fund Investcorp posted a 25 percent increase in net profit for its latest financial year on Monday.
Net profit grew to $131.2 million in the year to June 30, up from $104.9 million in the prior