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Bahrain – Investcorp, a leading global provider and manager of alternative investment products, today announced its Extraordinary General Meeting (“EGM”) on the 2nd of June approved the board’s recommendation to delist from the Bahrain Bourse (“the Bourse”) and convert the Company into a closed shareholding company. This remains subject to receipt of regulatory approvals and completion of the required legal process and is expected to be to completed during the third quarter of 2021.
Over the past four decades, Investcorp has been on a remarkable growth journey and has evolved into a genuinely global alternative investment manager with approximately $35.4 billion in AUM, diversified by geography, asset class and client type.
Mohammed Alardhi, Executive Chairman, said, “Delisting and becoming a private company is the most appropriate ownership structure at this stage in the continuing journey of Investcorp. It will allow us to be agile, focused on investing for our long-term strategy and enables our senior leadership team to be dedicated to driving growth. Bahrain is Investcorp’s birthplace, our hub in the Gulf region and we highly value the deep talent pool, the regulatory environment and geographical central position it offers in the GCC.”
“Bahrain and the GCC region are part of the historical fabric of the company and will continue to be key markets for Investcorp both in terms of investment activity, whether in private equity or infrastructure, as well as with our clients, investors and other stakeholders. We also have a number of key Corporate Social Responsibility and ESG initiatives currently underway in Bahrain. We believe that the continuing shareholders in Bahrain and the region will benefit from this delisting by virtue of the Firm’s longer term plans which are expected to create future value creation for all stakeholders. We remain fully committed to pursuing our global growth over the long term via both organic and inorganic initiatives and are excited about the future as we advance our ambitious, yet prudent, expansion strategy.”
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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 a presence in 12 countries across the US, Europe, GCC and Asia, including India, China and Singapore. As of March 31, 2020, Investcorp Group had US $35.4 billion in total AUM, including assets managed by third party managers, and employed over 430 people from 44 nationalities globally across its offices. For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.
Media Contacts:
Investcorp
Nada Abdulghani
nabdulghani@investcorp.com
© Press Release 2021
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