x Abu Dhabi, UAESaturday 22 July 2017

Bahrain's Investcorp buys US-based IT security firm

Investcorp, one of the Middle East's largest private equity houses, acquired a majority stake in Kansas-based information security firm FishNet Security.

Investcorp, one of the Middle East's largest private equity houses, acquired a majority stake in Kansas-based information security firm, FishNet Security, from Lake Capital, it said on Wednesday.

No value for the transaction was given.

The deal comes few days after Investcorp sold CCC Information Services to US-headquartered Leonard Green & Partners. The company had last year exited from truck and trailer parts distributor FleetPride to private equity firm TPG for over $1 billion.

Investcorp, which previously took public luxury brands Gucci and Tiffany & Co, had $11.5 billion in assets under management as at June 30 2012.