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 19, 2015
UAE. Deloitte experts consider that residential transactions have slowed to a more sustainable level; Leveling off in capital growth, in certain areas; This new characteristic suggests a market that is in fact maturing and arguably strengthening.
date:Posted: April 19, 2015
INTERNATIONAL. The EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output.
date:Posted: April 19, 2015
QATAR. The first Renminbi Clearance Centre (RCC) in the MENA region, to be located in Doha; The RCC will allow for claims denominated in RMB to be settled in Doha and exchanged for other currencies, including the Qatari Riyal (QAR).
UAE. Deloitte experts consider that residential transactions have slowed to a more sustainable level; Leveling off in capital growth, in certain areas; This new characteristic suggests a market that is in fact maturing and arguably strengthening.
dhgate