The transaction is subject to relevant regulatory approvals and it is expected to close in the third quarter of 2019.
Monday 27, May 2019 BY KUDAKWASHE MUZORIWA
Bahrain's Investcorp has entered into a definitive agreement to acquire Mercury Capital Advisors and as part of the transaction, Mercury will remain an independent business operating under its current leadership team.
Investcorp stated that this investment is part of its growth strategy to reach $50 billion in assets under management (AUM) over the medium term and follows its acquisition of a strategic minority stake in Banque Paris Bertrand, an independent Swiss-regulated private bank, last year.
Mohammed Alardhi, the Executive Chairman of Investcorp, said, “Our partnership with Mercury is completely in line with Investcorp’s long-term strategy and our mission to serve investors worldwide with an array of attractive opportunities in alternative investments.”
Mercury Capital provides advisory services on direct deals and co-investments, joint ventures and secondary transactions as well as consulting services for general partners.