Investcorp to invest $100 million in communications firm SEC Newgate | Reuters
Middle East alternative asset manager Investcorp said on Monday it had agreed to invest around $100 million for a majority stake in communications and advocacy group SEC Newgate.
The deal values Milan-based SEC Newgate, which has around 1,200 employees and operates in 22 countries, over $250 million, according to the statement.
"Investcorp's investment will help SEC Newgate accelerate its development strategy, with a focus on expansion in EMEA and the APAC region through both organic growth and M&A", the Bahrain-based investment firm said.
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