Investcorp floats $1 bn fund for China, Gulf bets; Chinese CIC to be anchor investor
Alternative investment company Investcorp has launched a $1 billion fund backed by China's sovereign wealth fund CIC to invest in companies across Saudi Arabia, the wider Gulf region and China, it said in a statement on Wednesday. The platform, which will also be anchored by institutional and private investors from the ......
Bahrain's Investcorp to acquire NSE’s digital arm for $120 mn
Bahrain-based private equity and real estate investor Investcorp has entered into an agreement to acquire NSEIT, the digital technology business subsidiary of National Stock Exchange (NSE) for an Rs 1,000 crore (around $120 million as per current rates). The transaction, however, will exclude the digital examinations vertical housed under NSEIT. NSEIT provides digital ......
Investcorp co-CEO Kapoor on rapid rise in AUM, India experience and more
Bahrain-based alternative investor Investcorp has grown its global assets under management (AUM) five times over the past six years, to $50 billion as of this year. The investor, a backer of Indian companies like FreshToHome, Citykart, Xpressbees, ASG Eye Hospital, InCred and Bewakoof, is currently raising an India private equity ......
Investcorp-backed Clove Dental changes gear after M&A stalemate
Dental care chain Clove Dental, which is backed by Bahrain-based alternative investment firm Investcorp and the Qatari sovereign wealth fund Qatar Investment Authority (QIA), plans to change its strategy for expansion as acquisition talks with several smaller dental care chains have hit an impasse. The company will now focus on organic growth, ......
How Investcorp plans to deploy $750-mn climate fund across four key sectors
Mubadala-backed alternative investment firm Investcorp, which manages assets worth over $50 billion across the globe, will adopt a four-pronged approach to deploy its new climate investment vehicle, according to a top company executive. Launched on the sidelines of the climate conference COP28 in December last year, Investcorp’s $750-million climate-focused investment platform ......
Bessemer, Investcorp-backed NephroPlus buys Filipino dialysis chain
Indian dialysis services provider NephroPlus has acquired Renal Therapy Solutions Inc. (RTSI), a Philippines-based dialysis network comprising six clinics, marking its second takeover deal in the Southeast Asian nation. The acquisition bringing NephroPlus' total clinic count in the Philippines to 27, with a strengthened presence in Luzon and Visayas regions, the ......
Not focusing on office assets in India, to grow warehousing biz: Investcorp’s Sharma
Bahrain-based alternative asset manager Investcorp, one of the most active private equity-style investors in India last year, aims to build on a select few strategies as it ramps up its exposure in the South Asian country. According to Investcorp’s India head of investments, Gaurav Sharma, warehousing and residential are the key ......
Investcorp set to mark final close of Saudi Pre-IPO Growth Fund
Bahrain-based alternative investment firm Investcorp, which manages assets worth $50 billion across the globe, is set to wrap up fundraising for its Saudi Arabia-focused late-stage growth fund in the second quarter of 2024, according to a top company executive. The Saudi Pre-IPO Growth Fund, which targets Saudi companies looking to access ......
Investcorp eyes final close of second India fund by 2024-end
Mubadala-backed alternative asset manager Investcorp plans to wrap up fundraising for its second India-dedicated investment vehicle by the end of the current calendar year, according to a top company executive. The Bahrain-based firm, which manages assets of over $50 billion, has already raised over half of the $400 million (Rs 3,300 ......
