Investcorp Pockets €210M In Sale Of Industrial Supplier

Law360, New York (March 4, 2013, 1:27 PM EST) -- Bahraini investment firm Investcorp SA passed off industrial supplier IPH Group to Paris-based private equity outfit PAI Partners SAS, unlocking more than €210 million ($273 million) in proceeds through the exit, Investcorp said Monday.

With the sale, Investcorp lets go of the industrial products provider that mainly caters to a customer network that stretches through Belgium, France, Germany, the Netherlands and Romania. Neither the seller nor PAI spelled out the deal's financing or said when the transaction closed.

Under Investcorp's ownership, which kicked off in 2006,...
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