Investment Summary

Investcorp Invests In Theeb

On September 29, 2013, asset manager Investcorp invested in business services company Theeb

Investment Highlights
  • This is Investcorp’s 8th transaction in the Business Services sector.
  • This is Investcorp’s 4th transaction in Saudi Arabia.

Investment Summary
Date 2013-09-29
Target Theeb
Sector Business Services
Investor(s) Investcorp
Deal Type Stake Purchase

Target

Theeb

Riyadh, Saudi Arabia
Theeb is a rental company in Saudi Arabia and operates in various locations across the Kingdom including at all major airports. Theeb was established in 1991 and is based in Riyadh, Saudi Arabia.

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Investor(S) 1

Investor

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 STATS #
Overall 107 of 176
Sector (Business Services) 8 of 15
Type (Stake Purchase) 9 of 12
Country (Saudi Arabia) 4 of 6
Year (2013) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-24 Paper Source

Chicago, Illinois, United States

Paper Source is lifestyle brand retailer that offers a curated selection of fine papers, gifts, crafts, party supplies, wrap, greeting cards and an exclusive collection of envelopes and cards. Paper Source was founded in 1983 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-11 Antenna Software

Jersey City, New Jersey, United States

Antenna Software provides mobile workers with secure access to corporate data and applications wherever and whenever it's needed. Antenna's products connect handheld computers securely to major Customer Relationship Management (CRM), Sales Force Automation (SFA), and Enterprise Resource Planning (ERP) inventory and order-processing applications. Vaultus Mobile Platform (VPM), a pure Java client-server software platform and development environment, assists the rapid development and successful deployment of mobile enterprise applications.

Sell -
Mergr

Product

Company

Legal