Bahrain’s Investcorp Weighs IPO of Investment Vehicle in Abu Dhabi - Bloomberg
Investcorp Holdings, the Middle East’s biggest alternative asset manager, is considering listing an investment vehicle in Abu Dhabi, in what would be the region’s first such initial public offering.
The Bahrain-based investor has started early preparations with advisers for an IPO of the vehicle that would include some stakes in its — mainly international — assets, according to people familiar with the matter.
The company is working with First Abu Dhabi Bank PJSC, Emirates NBD PJSC, Goldman Sachs Group Inc. and Moelis & Co. on the deal, and a listing could happen as soon as this year, the people said, asking not to be identified as the information isn’t public.
Deliberations are still preliminary and details of a potential deal are still being finalized, the people said. Investcorp is also considering other venues for the listing, they said.
Representatives for Investcorp and the banks declined to comment.
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