×
1 035
Fashion Jobs
LEVI'S
Performance Marketing Manager
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Bentalls, Kingston - 22.5 Hours / 4 Days - Part Time, Permanent
Permanent · Kingston upon Thames
SHISEIDO
Ecommerce Manager - Nars, Shiseido & Drunk Elephant
Permanent · London
VANS
Account Coordinator - Dutch Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
The Estée Lauder Companies - CRM And Loyalty Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Bluewater - 25.5 Hours - Part Time, Permanent
Permanent · Dartford
ESTÉE LAUDER
Clinique - Consultant - Boots - Metro, Gateshead - 21 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Director, Global Social Marketing
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - John Lewis, Milton Keynes - 37.5 Hours, Days - Full Time, Permanent
Permanent · Milton Keynes
SHISEIDO
Nars Account Manager, Fenwick Bond Street (37.5 Hours)
Permanent · London
LIBERTY LTD
Sales Manager
Permanent · LONDON
LIBERTY LTD
Retail Security Officer
Permanent · LONDON
VF INTERNATIONAL
Inbound Logistics Analyst - 12 Month Ftc
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, White City London - 35 Hours - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, Birmingham - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Regulatory Scientist - Global Ingredients Compliance
Permanent · Petersfield
SHISEIDO
Finance Analyst
Permanent · London
SHISEIDO
Area Sales & Education Manager | Central South England (Ftc)
Permanent · Reading
HUGO BOSS
Sales Manager - Hugo
Permanent · London
ASICS
Field Sales Representative
Permanent · Warrington
By
Reuters
Published
Feb 3, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Investcorp eyes extended growth after profit leap

By
Reuters
Published
Feb 3, 2014

DUBAI, UAE - Bahrain-based investment company Investcorp expects 15-20 percent annual growth over the next five years, its chief financial officer said on Sunday after reporting a 53 percent increase in first-half net profit.

Investcorp, which famously took luxury brands Gucci and Tiffany & Co public in the 1990s, made a net profit of $60.1 million in the six months to December 31, against $39.2 million in the same period a year earlier.

Gucci SS14 | Source: Gucci

"This is a good result in the short term and in sync with our five-year plan," CFO Rishi Kapoor told reporters in Dubai. "Our growth expectations are around 15 to 20 percent a year."

Fee income for the period rose 24 percent to $74.3 million, driven by strong transaction activity and higher demand for alternative investments such as hedge funds.

Investcorp, which had $11.3 billion in assets under management at December 31, has received increasing interest from institutional investors in hedge funds and a strong appetite for acquisitions in the United States, mainly in the real estate sector.

Investcorp, which has offices in Bahrain, Saudi Arabia and Abu Dhabi, has fully invested its $1 billion Gulf Opportunity Fund but no new funds are imminent, Kapoor said.

"We remain opportunistic and ready to raise funds on a deal-by-deal basis. We are working on at least two opportunities in the Gulf region right now," he said.

SECTOR SHIFT

Investcorp is examining possible deals in consumer-focused sectors such as retail, healthcare and education.

The company last month acquired a significant minority stake in Namet, a Turkish supplier of processed red meat to the retail, hotel, restaurant and catering sectors.

That followed the purchase of a 25 percent stake in Saudi Arabian sports and fitness business Leejam Sports Co.

Investcorp are reportedly vying for a stake in Versace | Source: Versace

Its technology portfolio, meanwhile, has shrunk over the past year with the New York listing of Fleetmatics and agreements to sell its stakes in British technology firm TDX Group and online payments company Skrill Group.

Sources have said that Investcorp is among three remaining candidates vying to buy a 20 percent stake in Italian luxury goods group Versace, which is selling the stake ahead of a possible listing to fund its internationl expansion and development of new ranges.

Kapoor declined to confirm or deny that Investcorp had bid for the Versace stake.

© Thomson Reuters 2022 All rights reserved.