News

Investcorp doubled its assets thanks to 3i takeover

Mergers_and_aquisitionBahrain-based alternative asset manager Investcorp has doubled its assets under management through acquisitions. The firm reported $21.3 billion under management in its results for the year ending June 30. The dramatic growth came from the addition of $10.8 billion of assets when it bought the debt management business of 3i, reputed to be the UK's oldest private equity firm. The acquisition also helped the firm double its distributions to investors to $3.4 billion for the year. Separately, the firm collected $4 billion in fundraising during the period. “The firm is making great headway executing a number of initiatives that are designed to diversify the firm’s client base, product offering, geographical reach and, ultimately, better serve the needs of our clients wherever they are in the world,” said Mohammed Alardhi, executive chairman. Founded in 1982, Investcorp says it had made more than 170 corporate investments in the US, Europe and MENA region. It has also made 450 commercial and residential property investments in the US. ©2017 funds global mena

Executive Interviews

INTERVIEW: Totally mega

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In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

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Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

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Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.