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FINANCIAL NEWS
Bahrain-based Investcorp buys POP for USD65m
09 Oct 2015
(MENAFN) Investcorp, the Bahrain’s company has bought sports equipment manufacturer POP for USD65 million from its US based parent Black Diamond, as the recently released reports showed.
The purchase comes a year after Investcorp bought motorcycling protection gear maker Dainese, not to mention acquiring United States school provider Nobel Learning for USD300 million.
Sweden-based POP makes gear for skiing and cycling, and as Investcorp announced in a statement; “There are synergies between the two businesses that will be explored in the future.”
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