Mubasher: Investcorp Bank announced in a statement on Friday that it has completed the acquisition and integration of the debt management company “3iDM” from 3i Group.
The newly acquired business unit, now recognized as Investcorp Credit Management (“ICM”), adds $11 billion of assets under management (AUM) to the bank’s portfolio, bringing the total to approximately $21.4 billion.
"Last year we announced our ambitious strategy to grow assets under management to $25 billion in the medium term. We are firmly on track to achieve our goal as we continue to extend Investcorp’s existing product offerings across private equity, real estate, and alternative investment solutions,” Said Mohammed Alardhi, the executive chairman of Investcorp.
