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December 24, 2020

Investcorp takes stake in US private equity firm Centre Lane

By Verdict Staff

Bahrain-based alternative investment manager Investcorp has acquired a minority stake in private equity firm Centre Lane Partners .

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Terms of the transaction were not revealed.

The deal was executed through Investcorp’s Strategic Capital Group (ISCG), the New York-based unit that purchases holdings in midsize general partners.

Under the agreement, ISCG will be a passive, non-voting partner to Centre Lane.

Centre Lane said that the ISCG partnership will provide the company with strategic capital to continue its investment in the debt and equity of middle market companies across North America.

The company will also use the proceeds from the deal to scale up its private credit and special opportunities platforms.

Centre Lane co-founders and managing directors Quinn Morgan and Ken Lau said: “This transaction is a notable milestone for Centre Lane and we believe it will position us to even better serve our investors by further investing in our business as we continue to grow our existing strategies.

“Investcorp is a global leader in the middle market, shares our vision for providing best-in-class investment services, and we are delighted to have them as a supportive long-term partner.”

ISCG managing partner and head Anthony Maniscalco said: “Under Quinn and Ken’s leadership, Centre Lane has established itself as a leading middle market investment firm with an outstanding reputation.

ISCG partner and head of Investmenets David Lee added: “We believe that Centre Lane is differentiated from its peers by its combined expertise in private equity, private credit and operational value-add, and is well-positioned for continued success.

“We look forward to supporting the Firm as it focuses on continuing to generate superior returns for investors.”

Recently, Investcorp agreed to divest its indirect interest in Swiss private bank Banque Pâris Bertrand to Rothschild & Co Bank.

In May this year, Investcorp and Tages Group merged their absolute-return businesses to form an equal stake joint venture (JV).

The move combined Investcorp’s Absolute Return Investments (ARI) business with Tages’ absolute return arm Tages Capital.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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