BAHRAIN: Investcorp is targeting to purchase more than US$400 million-worth of stakes in companies in the GCC and Turkey in the next two years.
James Tanner, its head of corporate investment, said that Investcorp’s US$1 billion Gulf Opportunities Fund 1 is in advanced negotiations with up to five companies.
The firm is looking to complete at least two transactions in 2012, spending an average of US$60 million for each deal, focusing on sectors including transportation, healthcare, food and oil and gas.