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

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