Investcorp buys 40% holding in Swiss private bank PBS | Financial Times

Investcorp buys 40% holding in Swiss private bank PBS | Financial Times:

Investcorp has bought a more than 40 per cent stake in a Swiss private bank as the $22.6bn alternative investment group seeks to increase its assets under management to $50bn in four years.

The Bahrain-listed group declined to provide financial details but said its holding in Banque Pâris Bertrand Sturdza, a $5.4bn private bank, strengthens its ambitions to become a larger global financial group. 


Investcorp started life in 1982 as a Gulf-based private equity specialist but has since expanded into other alternative assets including real estate, hedge funds and private debt, acquiring the $12bn debt management business of 3i, Britain’s biggest listed private equity group, two years ago in a £222m deal.