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FINANCIAL NEWS
Bahrain’s Investcorp looking for buyers for FleetPride: Sources
07 Oct 2012
(MENAFN) Bahrain- based alternative investment firm Investcorp Bank BSC is said to have been seeking a buyer for its FleetPride Inc., which may be valued at USD1 billion, Bloomberg reported, citing three people familiar with the matter.
Investcorp acquired Texas-based truck- parts distributor FleetPride with the company’s management team in 2006 for an undisclosed sum.
The company has currently 250 stores across the US, selling parts and accessories for heavy-duty trucks, and operates more than 200 Fleetcare service locations, according to its website.
Investcorp, which manages about USD12 billion in assets, runs a portfolio of firms including Sur La Table, a Seattle-based kitchenware retailer, and IPH Group, a French distributor of industrial supplies.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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