Cairo - Decypha: Bahrain's Investcorp and Abu Dhabi state investment fund Mubadala Development announced March on 12th closing of an acquisition deal. According to Reuters, Mubadala will aquire a 20% stake in in the alternative investment firm's parent, Investcorp Bank.
Earlier in July, both companies have reached an agreement that the deal would take place on a two phases, the first of which would be an immediate acquisition of 9.99% stake and a further 10.01% following necessary regulatory approvals, according to Mubasher.
This new investment should strengthen Investcorp’s shareholder base, which includes major institutional investors from the UAE, Bahrain, and Qatar, as well as prominent individuals and family offices.
“This investment is a validation of Investcorp’s blue-chip brand, our human capital, and our vision for the future. This is a positive step for our stakeholders, including our shareholders, investors and portfolio companies,” said Executive Chairman of Investcorp Mohammed Mahfoodh Alardhi.
