27 Nov 2012
(MENAFN) Bahrain’s Investcorp has agreed to sell trailer parts distributor FleetPride to US-based private equity TPG for USD1 billion, Reuters reported.
The Gulf alternative asset manager said the sale will add USD500 million of distribution proceeds to the company and its investors.
Investcorp acquired FleetPride, now the largest truck and trailer parts distributor in North America, in 2006 and supported 31 different add-on acquisitions by the company to expand its footprint, the company said.
Earlier this month, Investcorp took over Danish luxury retailer Georg Jensen for USD140 million and raised USD250 million from a five-year international bond issue.
Investcorp, which previously bought public luxury brands Gucci and Tiffany & Co, is one of the largest private equity and hedge fund companies in the Middle East, with USD11.5 billion in assets under management as of June 30.
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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