Mubasher: Investcorp Holdings, a Bahrain-based alternative asset manager, is planning to pump $600 million as an initial public offering (IPO) of its investment vehicle Investcorp Capital in Abu Dhabi, Bloomberg reported.
The news outlet indicated that the transaction, which would be the first of its kind in the Middle East, might take place as soon as September.
Meanwhile, Investcorp is working with HSBC Holdings on the potential offering, along with Goldman Sachs Group Inc., First Abu Dhabi Bank (FAB), Emirates NBD, and Moelis & Company.
The sources highlighted that Investcorp Capital will hold stakes in assets across private equity, real estate, credit, and corporate investments. They added that details such as size and timing are still preliminary and subject to change.
In 2017, Abu Dhabi sovereign fund Mubadala Investment Company acquired 20% equity ownership in Investcorp.
