Arab Today, arab today investcorp distributes 15 billion to clients in less than 18 months
Last Updated : GMT 17:09:08
Arab Today, arab today
Arab Today, arab today

Investcorp distributes $1.5 billion to clients in less than 18 months

Arab Today, arab today

Arab Today, arab today Investcorp distributes $1.5 billion to clients in less than 18 months

Manama - Bna

Investcorp, the asset management firm specializing in alternative investments, has completed the sale of its US portfolio company Accuity Holdings Inc. for an aggregate enterprise value of $530 million. Accuity, a former subsidiary of SourceMedia, was acquired in November 2004 from the Thomson Corporation. With this latest sale, Investcorp will have distributed to its clients a total of $1.5 billion of proceeds in the last 18 months resulting from four Corporate Investment portfolio company exits. Mohammed Al-Shroogi, Investcorp\'s President of Gulf business, said: \"With the sale of Accuity we are once again demonstrating the added value of mid-market corporate investments. We are able to distribute to our clients high returns on their investments at a time when many investments are suffering from market turmoil due to the sovereign debt crisis in Europe and the expected slowdown of economic activity globally”.Investcorp maximized the value of the SourceMedia acquisition by spinning out Accuity as an independent company in December 2005. This enabled the management of Accuity and Investcorp to aggressively pursue growth in the compliance and payment efficiency markets post the 2008-2009 financial crisis, eventually resulting in a sale at an attractive valuation to a strategic buyer of this asset. During Investcorp’s ownership, Accuity made significant investments and changes to the business, installing new management, significantly upgrading the company’s IT infrastructure and systems, revamping its sales force as well as completing two add-on acquisitions which enhanced the capabilities of the company.Al Shroogi added: “This excellent performance is the result of the continuous operative efforts deployed by our teams to add value to our portfolio companies. Coupled with the best in class service that we offer to our clients in the region, it allows Investcorp to keep playing its role as the trusted bridge between Gulf investors and unique investment opportunities in the West”.Accuity, formerly known as Thomson Financial Publishing, is the premier provider of data solutions that enable financial institutions, corporations and other organizations to facilitate accurate and efficient payment transactions and to manage their risk by ensuring that they and their clients are in regulatory compliance. Accuity has a suite of proprietary financial data solutions that reaches more than 32,000 clients worldwide. Accuity’s portfolio of products includes the most authoritative global database of routing numbers, bank reference and related financial information and enriched global caution lists for regulatory watch list screening.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investcorp distributes 15 billion to clients in less than 18 months Arab Today, arab today investcorp distributes 15 billion to clients in less than 18 months

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today investcorp distributes 15 billion to clients in less than 18 months Arab Today, arab today investcorp distributes 15 billion to clients in less than 18 months

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Sheraton Grand Hotel reveals its deals

GMT 12:20 2017 Monday ,25 September

Sheraton Grand Hotel reveals its deals
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq Kurds in historic independence vote

GMT 15:20 2017 Monday ,25 September

Iraq Kurds in historic independence vote
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 11:11 2017 Sunday ,24 September

The dark side of new tourism hope

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday