Investcorp to buy UK education group
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Mon March 19, 2012 10:57 am

BAHRAIN. Bahrain-based alternative investment manager Investcorp is planning to acquire U.K.-based education firm GL Education Group, two sources familiar with the matter said.

GL Education, earlier called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children.

No immediate comment was available from Investcorp.

Investcorp is looking to spend more than US$400 million on stakes in companies in Turkey and in the Gulf Arab states in the next two years through its US$1 billion Gulf Opportunities Fund I which is 50% invested so far in four deals, a senior executive told Reuters in November.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 20, 2018
INTERNATIONAL. Focus of the report is how we are nearing the end of the largest monetary policy experiment of all time in a backdrop of ascendant nationalism, staggering inequality and a widespread loss of hope among the younger generation.
date:Posted: April 19, 2018
UAE. Software technology sector saw most number of professionals changing jobs in 2017; Lack of opportunities for career advancement touted as the biggest reason.
date:Posted: April 19, 2018
LEBANON. Drop due to the suspension of interest-rate subsidies on housing loans at the beginning of the year; The index is at its lowest level since Q2 2015 and the third lowest level in 43 quarterly readings; Reviving demand in Lebanon requires immediate measures and incentives from the government.
INTERNATIONAL. Focus of the report is how we are nearing the end of the largest monetary policy experiment of all time in a backdrop of ascendant nationalism, staggering inequality and a widespread loss of hope among the younger generation.
dhgate