Mubadala-Backed Investcorp Cancels Major India Deal

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Mubadala-backed Investcorp is an alternative investment management company that specializes in private equity, real estate, credit, and infrastructure investments across various sectors globally.

 

Founded in Bahrain and headquartered in New York, Investcorp has grown with significant backing from Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund.

 

This partnership has enabled Investcorp to expand its portfolio, focusing on sectors like technology, healthcare, consumer goods, and industrials, and to operate in key markets including North America, Europe, Asia, and the Middle East.

 

The firm is known for its emphasis on responsible investment practices, aiming to create long-term value for its investors and foster sustainable growth across its portfolio companies.

 

It company has seen its assets under management grow fivefold in six years to $53 billion, has been increasingly active in India’s private equity landscape. While the firm initially planned to enter India’s credit market, it placed that endeavor on hold to focus on equity transactions.

 

The firm’s recent moves signal a strong commitment to deploying capital in India, with expectations of high returns fueled by India’s innovation landscape and large consumer base. As Investcorp explores high-value deals, its strategy reflects a confidence in India’s long-term growth potential and a proactive approach to capturing value in one of the world’s most dynamic markets.

 

The recent development, Investcorp has opted to forgo a planned $1 billion+ deal with an Indian company, pivoting its focus instead towards international markets. The firm recently renamed its special purpose acquisition company (SPAC) and announced a merger agreement with Australian software provider Bigtincan Holdings.

 

Sources said, this strategic move aims to list Bigtincan on Nasdaq, signaling Investcorp’s continued commitment to global expansion and the tech sector despite scaling back certain large-scale investments in India.

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