Buyout (LBO, MBO, MBI) • Information Technology

Investcorp Acquires NourNet

On October 3, 2022, asset manager Investcorp acquired information technology company NourNet

Acquisition Context
  • This is Investcorp’s 17th transaction in the Information Technology sector.
  • This is Investcorp’s 7th transaction in Saudi Arabia.

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M&A Deal Summary

Date October 3, 2022
Target NourNet
Sector Information Technology
Buyer(s) Investcorp
Deal Type Buyout (LBO, MBO, MBI)

Target Company

NourNet

Riyadh, Saudi Arabia
NourNet is an internet service provider to business-to-business (B2B) clients and has gradually expanded its technical and personnel capabilities to offer value-added ICT services, including cloud, managed IT services, security/cybersecurity, and data center management. NourNet was founded in 1998 and is based in Riyadh, Saudi Arabia.
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Buyer Overview 1

Buyer

Investcorp

New York, New York, United States

Investor 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 Context for Buyer #
Overall 175 of 189
Sector: Information Technology 17 of 19
Type: Buyout (LBO, MBO, MBI) 57 of 62
Country: Saudi Arabia 7 of 7
Year: 2022 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 UTA

Beverly Hills, California, United States

UTA is a global talent and entertainment company. UTA represents many of the most acclaimed figures across film, television, news, music, sports, theater, fine art, literature, video games, podcasts and other social and digital content. UTA was founded in 1991 and is based in Beverly Hills, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Sunrise Produce

Fullerton, California, United States

Sunrise Produce is a wholesale produce distribution company in Southern California, providing customers across the specialty and white tablecloth restaurant and resort, education, healthcare, and retail sectors with the freshest produce and perishable foods available. Sunrise Produce is based in Fullerton, California.

Buy -