30 Jan 2013
(MENAFN) Bahrain’s private equity firm Investcorp is eyeing investments in Italian luxury and retail brands, Reuters reported.
Hazem Ben-Gacem, head of corporate investments, Europe, said that Investcorp is seeking Italian brands that want to expand internationally.
Economic uncertainty impacted purchases of European brands at their home markets. That prompted firms such as Prada and Versace to look for outside investors.
In November, Investcorp acquired Danish luxury retailer Georg Jensen for USD140 million from Axcel Capital Partners.
Earlier this month, the firm said it would announce a new deal in early February, adding that it would be an international company.
Investcorp, which has stakes in French group PPR’s Gucci unit and US group Tiffany & Co, had USD11.5 billion in assets under management as of June 30.
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