Investcorp announced today that Caisse de dépôt et placement du Québec (CDPQ), a global investment group, will acquire a significant stake in Investcorp’s portfolio company, ICR, a global company in strategic communications and advisory services. CDPQ will join Investcorp and ICR’s management to further continue the Company’s growth and expansion journey.
“As we consistently seek to grow and diversify our portfolio, we always look for ways to add value to our investments,” Mohamed Al Sada, Head of Bahrain and Kuwait for Investcorp’s Private Wealth said.
“We believe that CDPQ’s investment in ICR is a crucial milestone added to the company’s growth initiatives, and we are excited to be partnering with them along the way.”
Investcorp invested in ICR in 2018 to focus on accelerating the Company’s organic growth, identifying complementary acquisitions and expanding the business globally.
The transaction remains subject to customary regulatory approvals.
Source: Bahrain News Agency