Bahrain-based alternative investment manager Investcorp is planning to acquire U.K.-based education firm GL Education Group, two sources familiar with the matter said.

GL Education, earlier called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children.

No immediate comment was available from Investcorp.

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.

(Reporting by Mirna Sleiman; Writing by Dinesh Nair)