Editing Investcorp Acquires 50% Stake In Corsair Capital's Infrastructure...

<br>By Hadeel Al Sayegh<br><br>DUBAI, Dec 11 (Reuters) - Middle East alternative investment firm Investcorp has acquired a 50% stake in the $4.8 billion infrastructure business of U.S. firm Corsair Capital, the two companies announced on Monday.<br><br>If you have any thoughts pertaining to the place and how to use [https://jetblacktransportation.com/blog/nyc-executive-limo-service/ JetBlack], you can get hold of us at our own site. The transaction was completed via the establishment of a new entity, Investcorp Corsair Infrastructure Partners (Investcorp Corsair), jointly owned by the two companies, they said in a statement.<br><br>The new entity comprises the infrastructure business' existing funds, investments, and  [https://jetblacktransportation.com/blog/nyc-executive-limo-service/ nyc executive limo service] teams, which will continue to focus on a scalable investment strategy in transportation, logistics and associated infrastructure subsectors.<br><br>Corsair´s head of infrastructure Hari Rajan will lead the business as Managing Partner of Investcorp Corsair, the statement said.<br><br>The team remains based in New York, with additional presence in London, Madrid, and Sydney,  [https://jetblacktransportation.com/blog/nyc-executive-limo-service/ JetBlack] the statement added.<br><br>Corsair was the principal financial sponsor  [https://jetblacktransportation.com/blog/nyc-executive-limo-service/ JetBlack] behind the redevelopments of Terminal 6 at John F. Kennedy International Airport and Terminal B LaGuardia Airport in New York.<br><br>With $50 billion in assets under management (AUM), Investcorp is best known for listing luxury goods brands, such as Gucci and Tiffany & Co.<br><br>Abu Dhabi state fund Mubadala Investment Company acquired 20% of the firm in 2017. (Reporting by Hadeel Al Sayegh; editing by Jason Neely)<br><br>