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FINANCIAL NEWS
Bahrain- Investcorp to acquire Danish Jensen in USD140m deal
05 Nov 2012
(MENAFN) Investcorp’s head of corporate communications, Firas El Amin, stated that the Bahraini firm will pay USD140 million to acquire Danish luxury retailer Georg Jensen, reported Arabian Business.
El Amin said that the alternative asset manager plans to expand the newly acquired brand, which has 94 stores globally, in Asia, mainly in China.
He added that Investcorp, which had USD11.5 billion in assets under management on June 30, will buy the Danish company in cash-only from private equity firm Axcel Capital Partners.
It is worth noting that previously, Investcorp took public luxury brands Gucci and Tiffany & Co.
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