Saturday , 20 April 2019

Bahrain’s Investcorp, Coller form $1bln European private equity fund

The deal also includes fresh capital for any follow-on investments and future investments

Bahrain-based alternative investment manager Investcorp said on Monday it was forming a $1 billion European private equity portfolio with Coller Capital.

Investcorp, founded in 1982, is one of the oldest Middle Eastern private equity houses and is targeting $50 billion of assets under management over the medium term.

London-based Coller Capital’s Coller International Partners VII will underwrite the new fund, in which Investcorp said it will retain “a meaningful general partner commitment”.

The deal also includes fresh capital for any follow-on investments and future investments.

Investcorp said it will manage both the assets acquired through the secondary transaction and the fund’s new capital, as it invests in mid-market buyout transactions across Europe.

In 2017, Investcorp bought an $11 billion asset under management credit management business and in 2018, a strategic minority investment in Banque Paris Bertrand, an independent Swiss-regulated private bank.

About Marc Mcilhone

Marc Mcilhone
Marc Mcilhone is ArabBrains' Editor - sourcing news and features content and overseeing the work of the site’s contributors. Marc’s work is informed by his technical background in architecture having worked for some of the UK’s leading practices on projects within the education, healthcare and housing sectors. Marc has a particular interest in how innovators are creating sustainable solutions that have a positive impact on people’s everyday lives. Please email press releases and news to: editor@arabbrains.com

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