Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Investcorp portfolio firm listed

Investcorp counts Mubadala Investment Company as its biggest shareholder.
  • This is Investcorp's first IPO on the Indonesian stock exchange and the 26th IPO in the Firm's 40-year history.
  • Investcorp currently has five offices spread across Asia with over US$1.2 billion invested in 40 portfolio companies.

Manama, Bahrain — Investcorp, the Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, has announced the successful Initial Public Offering (IPO) on the Indonesian stock exchange of its portfolio company PT Multitrend Indo, Mothercare Indonesia’s franchisee.

This is Investcorp’s first IPO on the Indonesian stock exchange and the 26th IPO in the Firm’s 40-year history.

It brings Investcorp’s total IPO experience to nine exchanges, having previously managed IPOs on the NASDAQ, the New York Stock Exchange, the NASDAQ Helsinki, the Swiss Stock Exchange, Tadawul in Saudi Arabia, the Hong Kong Stock Exchange and the BSE in Mumbai.

Mothercare Indonesia’s IPO comes as Investcorp marks its growing presence in Asia, where it currently has five offices with over US$1.2 billion invested in 40 portfolio companies.

Globally, Investcorp has more than US$50bn in assets (including assets managed by third-party managers) under management across three continents and various asset classes and product lines.

Investcorp Executive Chairman Mohammed Alardhi said, “It has only been six years since we set up our presence in Southeast Asia in 2017 and we’re seeing great potential for business. Asia is a key engine of growth for our long-term plan.”