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Investcorp, the Bahrain-based alternative investment manager, said one of its affiliates acquired a majority stake in the US technology company KSM Consulting from Renovus Capital Partners.
Terms of the transaction were not disclosed and Renovus will continue to maintain a minority stake in the business. The past year highlighted the importance of embracing technology for all organisations, regardless of size, sector or industry, Tarek AlMahjoub, head of UAE and Oman for Investcorp’s private wealth, said.
KSMC’s people, values and culture set it apart in a highly fragmented market, and we are excited to be partnering with them , he added.
BAHRAIN, 22nd February, 2021 (WAM) Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of its affiliates has acquired a majority ownership position in KSM Consulting, a leading consulting firm specialising in data analytics, technology and digital transformation, from Renovus Capital Partners, which will continue to maintain a minority stake in KSMC. Terms of the transaction were not disclosed.
Founded in 2008 and headquartered in Indianapolis, KSMC delivers smart, custom solutions to the most.
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Bahrain-listed alternative asset management firm Investcorp acquired 13 industrial assets in South Wales, marking its first real estate foray into the Welsh market.
The properties are located near key transport connections in the wider Cardiff region, spanning 1.1 million square feet of industrial, warehouse and distribution accommodation, Investcorp said on Monday.
They are currently 87 per cent leased by a broad group of tenants ranging from small and medium enterprises to manufacturers, trade counter occupiers and distribution companies. Industrial, warehouse and logistics real estate are experiencing strong demand to enable e-commerce, Khulood Ebrahim, real estate product specialist at Investcorp, said. Given the limited supply and heightened demand for well-located industrial real estate, we believe that there continues to be the potential for further growth and value creation for the asset class.”
Investcorp acquires US e-commerce solutions provider
MANAMA, January 17, 2021 Investcorp, a leading global provider and manager of alternative investment products, today announced that it has entered into an agreement to acquire Unilog, a leading Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the US. Investcorp’s capital backing is expected to support further platform innovation and customer acquisition. Terms of the transaction were not disclosed. Unilog is a global technology company that delivers powerful, affordable e-commerce solutions and product data enrichment services for the B2B marketplace. It is headquartered in greater Philadelphia, Pennsylvania and has international headquarters in Bangalore, India. Unilog’s cloud-based commerce platform and product data enrichment services help distributors, manufacturers, and wholesalers increase online sales, reduce cost to serve, and enhance their digit