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.