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 23, 2014
UAE. Managing an internationally mobile workforce can be challenging, particularly as home country and host country laws can be vastly different; Legal compliance with local laws may mean that it is not possible to impose global policies on the workforce.
date:Posted: April 22, 2014
UAE. "Adapt to Survive", a global study by PwC, commissioned by LinkedIn, reveals the economic impact of not having the right people in the right jobs.
date:Posted: April 22, 2014
KUWAIT. For much of the past decade, international companies operating in the major projects sector have found Kuwait a challenging market in which to do business. However, there are good reasons to believe this year will be different.
UAE. Abu Dhabi's state oil producer is almost finished reviewing technical aspects of international companies' bids to develop the biggest onshore crude deposits in the emirate.
dhgate