Manama, September 21 (BNA) – Investcorp today announced that Caisse de dépôt et placement du Québec (CDPQ), a global investment group, will acquire a significant stake in Investcorp’s portfolio, ICR, a global firm in strategic communications and advisory services. . CDPQ will join the management of Investcorp and ICR to continue the company’s growth and expansion journey.
“While we continually strive to grow and diversify our portfolio, we are always looking for ways to add value to our investments,” said Mohamed Al Sada, Investcorp’s Head of Bahrain and Kuwait Private Wealth.
“We believe CDPQ’s investment in ICR is an important milestone added to the company’s growth initiatives, and we are excited to partner with them along the way.”
Investcorp invested in ICR in 2018 to focus on accelerating the company’s organic growth, identifying complementary acquisitions and expanding the business globally.
The transaction remains subject to customary regulatory approvals.