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

By Hadeel Al Sayegh

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.

If you have any thoughts pertaining to the place and how to use 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.

The new entity comprises the infrastructure business' existing funds, investments, and nyc executive limo service teams, which will continue to focus on a scalable investment strategy in transportation, logistics and associated infrastructure subsectors.

Corsair´s head of infrastructure Hari Rajan will lead the business as Managing Partner of Investcorp Corsair, the statement said.

The team remains based in New York, with additional presence in London, Madrid, and Sydney, JetBlack the statement added.

Corsair was the principal financial sponsor JetBlack behind the redevelopments of Terminal 6 at John F. Kennedy International Airport and Terminal B LaGuardia Airport in New York.

With $50 billion in assets under management (AUM), Investcorp is best known for listing luxury goods brands, such as Gucci and Tiffany & Co.

Abu Dhabi state fund Mubadala Investment Company acquired 20% of the firm in 2017. (Reporting by Hadeel Al Sayegh; editing by Jason Neely)