Bahrain – Investcorp, a leading global provider and manager of alternative investment products, announced today that Caisse de dépôt et placement du Québec (CDPQ), a global investment group, will acquire a significant stake in Investcorp’s portfolio company, ICR (the “Company”), a global leader in strategic communications and advisory services. CDPQ will join Investcorp and ICR’s management to further continue the Company’s growth and expansion journey.

Founded in 1998 by a team of former Wall Street professionals, including Thomas M. Ryan, ICR’s Chief Executive Officer, the Company has been one of the fastest growing agencies in the world over the past 20 years, establishing itself as a leading advisor to companies in need of communications and advisory support.   Based on its unique industry focused model, ICR provides fully-integrated services across investor relations, public relations, transaction advisory, ESG and digital branding.

Yusef Al Yusef, Managing Partner for Investcorp’s Private Wealth, said: “ICR is a leading player in strategic communications and advisory services. We believe that with the deep expertise of the Company’s management team and its strong reputation, Investcorp together with CDPQ will be able to further expand the business to meet the growing needs of its clients. We look forward to supporting the management team in its growth journey.”

Investcorp invested in ICR in 2018 to focus on accelerating the Company’s organic growth, identifying complementary acquisitions and expanding the business globally.  

Jefferies LLC served as lead financial advisor, while William Blair also served as a financial advisor for Investcorp and ICR. White & Case acted as company counsel. CDPQ was advised by Crédit Suisse and Paul, Weiss, Rifkind, Wharton & Garrison LLP.

The transaction remains subject to customary regulatory approvals.

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About Investcorp

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes and infrastructure. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.

We invest a meaningful portion of our own capital in products we offer to our clients, ensuring that our interests are aligned with our stakeholders, including the communities that we operate within, towards driving sustainable value creation. We take pride in partnering with our clients to deliver tailored solutions for their needs, utilizing a disciplined investment process, employing world-class talent and combining the resources of a global institution with an innovative, entrepreneurial approach.

Investcorp has today presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of June 30, 2021, Investcorp Group had US $37.6 billion in total AUM, including assets managed by third party managers, and employed approximately 430 people from 45 nationalities globally across its offices. For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.

About CDPQ

At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021 CDPQ’s net assets total CAD 390 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.

About ICR

Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 750 clients in approximately 20 industries. ICR’s healthcare practice operates under the Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, and Beijing. Learn more at www.icrinc.com . Follow us on Twitter at @ICRPR.

Media Contacts:
Investcorp       
Nada Abdulghani
nabdulghani@investcorp.com 

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