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FinancialNews


  • 18-12-12

    Bahrain's Investcorp makes a second property purchase in Texas

    (MENAFN) Bahrain-based alternative asset manager Investcorp has expanded its property assets in the US for about USD100 million, Reuters reported. The purchase includes 1,900 residential units in Houston, Texas. Investcorp has previously bought four properties in the state earlier this year. Last month, the company bought Danish luxury retailer Georg Jensen from private equity firm Axcel Capital Partners for USD140 million and sold truck and trailer parts distributor FleetPride to TPG for over USD1 billion. Investcorp, which had USD11.5 billion in assets under management on June 30, raised USD250 million in October from a five-year international bond issue.

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