M&A Deal Summary

Investcorp Acquires New York Department Stores De Puerto Rico

On January 1, 1988, asset manager Investcorp acquired retailer New York Department Stores De Puerto Rico

Acquisition Highlights
  • This is Investcorp’s 3rd transaction in the Retail sector.
  • This is Investcorp’s 1st transaction in Puerto Rico.

M&A Deal Summary

Date 1988-01-01
Target New York Department Stores De Puerto Rico
Sector Retail
Buyer(s) Investcorp
Deal Type Buyout (LBO, MBO, MBI)

Target

New York Department Stores De Puerto Rico

San Juan, Puerto Rico
New York Department Stores De Puerto Rico, Inc. a Independent department store chain.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 9 of 187
Sector (Retail) 3 of 10
Type (Buyout (LBO, MBO, MBI)) 8 of 61
Country (Puerto Rico) 1 of 1
Year (1988) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1987-01-01 Tiffany

New York, New York, United States

Tiffany & Co. is a provider of jewelry and luxury gift items. Tiffany's noted for quality, craftsmanship and service. Tiffany was founded in 1837 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 Computacenter UK

Hatfield, United Kingdom

Computacenter is Europe's leading independent provider of IT infrastructure services. We advise customers on their IT strategy, implement the most appropriate technology from a wide range of leading vendors and manage their technology infrastructures on their behalf.

Buy -