07 October 2012
Manama: Investcorp Bank, the Bahrain-based alternative investment firm, is seeking suitors for truck- parts distributor FleetPride, which may be valued at as much as $1 billion, said three people familiar with the matter.
Investcorp is working with Bank of America and JPMorgan Chase on a possible sale, said two of the people, who asked not to be named because the process is private.
Investcorp acquired FleetPride, based in The Woodlands, Texas, with the company's management team in 2006 for an sum.
Manama: Investcorp Bank, the Bahrain-based alternative investment firm, is seeking suitors for truck- parts distributor FleetPride, which may be valued at as much as $1 billion, said three people familiar with the matter.
Investcorp is working with Bank of America and JPMorgan Chase on a possible sale, said two of the people, who asked not to be named because the process is private.
Investcorp acquired FleetPride, based in The Woodlands, Texas, with the company's management team in 2006 for an sum.
© Times of Oman 2012
