Investcorp Bank (INVB)

Investcorp Holdings B.S.C. is a private equity and venture capital firm specializing in investments in buyouts, emerging growth, growth equity, late venture, and later stage companies, and lower middle market investments. It prefers to invest in public situation transactions, corporate carve outs, add-on acquisitions, secondary investments, controlling stake, expansion stage, corporate spinouts, mature, going private transactions, PIPES, recapitalization, industry consolidation, and growth capital investments. The firm invests though corporate divestitures of non-core assets, joint ventures, and privatizations. It seeks to make direct investments in unquoted corporate entities. It also makes minority equity investments in mid-sized alternative asset managers and GPs of established alternative asset managers, including private equity, private debt, real estate, venture capital and hedge fund managers. It prefers to invest in Greenfield projects of medium sized companies. It invests in small and medium sized companies and family-owned businesses, and also makes large investments in mostly illiquid asset classes such as corporate and commercial real estate equity and high-yield debt investments. It also targets existing office, retail, industrial, multifamily and hospitality properties. The firm specializes in investments in growth industrials, telecommunications and Internet infrastructure especially for storage and security purposes and digital consumer items, consumer and retail, real estate, food, education, construction materials, logistics, and distribution within infrastructure, consumer electronics in the area of digital content enablement, medium-size infrastructure and manufacturing. The firm also invests in downstream hydro-carbons and intermediate and derivative industries. It seeks to invest in business services, supply chain services, industrial services, knowledge and professional services and retail and consumer products sectors in the North America region. The firm typically invests in the industrials, retail and consumer products, and technology sectors within the Europe region. Within the technology sector, the firm focuses on investments in communications infrastructure products and applications, B2B, data & information services, data/analytics, IT security, fintech/payments, digital content enablement, enterprise software, wireless applications, and mobile data applications. The firm prefers to invest in consumer products and retail, healthcare and financial services sectors in India. The firm prefers to invest in energy-intensive industries, oil and gas, downstream energy intensive, oil-field services, logistics, transportation, healthcare, consumer goods and services, media sectors, semiconductors, and other defensive industries within the MENA region. It focuses on North America with a focus on the United States, Europe with a focus on Western Europe, Middle East and North Africa (MENA), with a focus on Gulf Cooperation Council (GCC) countries including Turkey, Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia with a focus on Riyadh and the Eastern Province, and the United Arab Emirates. It also looks at investing in India and China. Within the North America region, the firm focuses on investments in US-headquartered mid-sized companies. Within the North America region, the firm prefers to acquire a controlling or substantial minority interest in $20 million and $50 million of EBITDA, requiring equity investments of $100 million and $175 million. Within the Europe region, the firm typically acquires a controlling or substantial minority interests in companies with €15 million ($16.22 million) and EBITDA between €10 million ($10.81 million) to €40 million ($43.25 million), requiring equity investments of €100 million ($108.13 million) and €200 million ($216.25 million). Within India, it prefers to make equity investments of $10 million to $25 million in addition to larger co-investments of $40 million to $50 million and prefer to exit within 4 to 6 years. In technology companies, firm prefers to invest in revenue of $10 million or more and EBITDA between $20 million to $100 million. The firm seeks to invest between $5 million and $1000 million in companies with EBITDA between $5 million and $100 million, enterprise value between $10 million and $1200 million, and sales value between $5 million and $200 million. It invests up to $1 billion in its first phase in build and buyout opportunities. While the majority of investments are in the form of common equity, we invest across the capital structure, including preferred equity and high-yield mortgage and mezzanine debt. It prefers to take majority, minority and controlling stakes in investments. It seeks to exit its investment in three to seven years. The firm also seeks to co-invest. It places a large proportion of these investments with clients and retains a portion for its own balance sheet. The firm also manages hedge funds, credit management and real estate investment for its clients. Investcorp Holdings B.S.C. was founded in 1982 and is based in Manama, Bahrain with additional offices across Middle East, North Africa, North America, Asia and Europe.