Investcorp acquires minority stake in Turkey’s Namet

Investcorp has acquired a significant minority stake in Namet Gida Sanayi ve Ticareti A.S. Namet is a Turkish producer of fresh cut and packaged processed red meat products such as soujouk, pastrami, salami, sausages, smoked meats and frozen and ready to eat burgers.

Reuters – Bahrain’s Investcorp acquires stake in Saudi sports firm

Bahrain-based Investcorp acquired a 25 percent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co, the ninth investment in the company’s $1 billion Gulf Opportunity Fund, writes Reuters. As part of the deal, Investcorp will have a board seat at Leejam. Financial details were undisclosed.

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Investcorp Sells Armacell to Charterhouse

Investcorp, a global provider and manager of alternative investment products, has agreed the sale of Armacell to Charterhouse for over 500 million euros ($653.6 million). Based in Germany, Armacell is a manufacturer of flexible technical insulation materials.

Reuters – Investcorp Struggling to Sell Armacell

Bahrain-based private equity firm Investcorp‘s sale of Armacell is under threat as bids for the German insulation firm are due to come in lower than its 500 million euro ($653.30 million) price tag, writes Reuters. The transaction could now be scrapped altogether, writes Reuters.

Equistone Sells Hydrasun to Investcorp

Equistone Partners Europe has exchanged contracts on the realisation of its investment in Hydrasun Limited to Investcorp. Established in 1976, Hydrasun is a provider of integrated fluid transfer, power and control solutions to the global offshore oil and gas industry.

Reuters – Investcorp Attracts Bidders for Armacell

The sale of German insulation firm Armacell by its Bahrain-based private equity owner Investcorp has attracted six bidders as interest grows in companies making energy-efficient products, writes Reuters. Private equity investors Charterhouse, Pamplona, Equistone, HgCapital, Goldman Sachs Private Equity as well as a US-based producer of building materials have placed tentative bids, writes Reuters.

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Investcorp Realizes CCC Investment

Investcorp has completed the sale of CCC Information Services to Leonard Green & Partners. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. The sale unlocks over $550 million in proceeds for Investcorp and its investors.

CCC Backed by Leonard Green & Partners

Leonard Green & Partners is to acquire a controlling interest in CCC Information Services from Investcorp. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries. Committed debt financing has been provided by certain affiliates of Goldman Sachs, including its principal mezzanine funds and J.P. Morgan.

Slideshow: U.S. M&A Remains Slow But Steady

In a surprise, the U.S. M&A market seems quite steady. There were 101 U.S. announced deals this week (Nov. 25 to Nov. 30), valued at $32.9 billion, according to data from Thomson Reuters. This compares to last year, when there were 82 U.S. announced mergers from Nov. 20 to Nov. 26 (the last full week of November), totaling about $24.5 billion.

Investcorp Sells Fleetpride to TPG for $1bn

Investcorp has completed the sale of US truck and trailer parts distributor FleetPride to TPG for over $1 billion. Since its acquisition of FleetPride in 2006, Investcorp has supported 31 different add-on acquisitions by the company, strengthening its cross-country supply chain and adding total acquired sales of over $270 million.

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Investcorp to Acquire Luxury Retailer Georg Jensen

Investcorp is to acquire Scandinavian luxury retailer Georg Jensen for $140 million from private equity group Axcel Capital Partners. As part of the transaction, Investcorp has teamed up with David Chu, a luxury brand entrepreneur and founder of Nautica, who will join the company on closing as chief creative director and co-chairman of the board.

Fleetpride sold in Secondary Buyout to TPG

FleetPride, a retailer of heavy-duty truck and trailer parts owned by Investcorp, is to be acquired by TPG. The transaction is expected to close in the fourth quarter of 2012. Terms were not disclosed.

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