Investcorp to Announce Results

Investcorp Private Equity, a London Stock Exchange listed private equity houses will announce full year results at the end of the month. But in terms of highlights, the group has made more that $2.8 billion in new acquisitions for which it employed over 4800 million of equity. The group acquired four companies in the last calendar year: Icopal, a roofing company; Greatwide, an American transport company, Armacell, a technical insulation producer and Moody International a mine inspection firm. Investcorp launched two funds this year. Investcorp Private Equity 2007 Fund has reached first close on $620 million. The Gulf Growth Capital Fund sized at approximately $1 billion is still in the process of fund raising and will invest in the GCC and MENA regions.