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FINANCIAL NEWS
Bahrain’s Investcorp makes a second property purchase in Texas
18 Dec 2012
(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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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