Investcorp, which once floated luxury brands Gucci
GL Education, earlier called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children. It runs two units, GL Assessment and GL Performance.
Investcorp is looking to spend more than $400 million on stakes in companies in Turkey and in the Gulf Arab states in the next two years through its $1 billion Gulf Opportunities Fund I which is 50 per cent invested so far in four deals, a senior executive told Reuters in November.
The company reported a 90 percent drop in half-year profits hit by declining hedge fund revenues.
(Reporting by Mirna Sleiman; Writing by Dinesh Nair)