$53 Billion Asset Manager Investcorp Sells US Firm to Kohlberg

Investcorp, the Middle East’s largest alternative asset manager, has sold US-based Resa Power to Kohlberg.

The deal is the first exit from Investcorp’s $1.2 billion North America Private Equity Fund 1, the Bahrain-based firm said in a statement, without disclosing financial details. Since Investcorp’s 2021 acquisition of Resa, which provides electrical testing and power systems servicing across North America, its revenue has increased more than fourfold.

“We have consistently invested in attractive middle-market businesses in the US, and this outstanding result validates our investment strategy,” Executive Chairman Mohammed Alaradhi said in the statement.

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