Latest news with #InvestcorpCapitalplc
Mid East Info
08-04-2025
- Business
- Mid East Info
Investcorp Capital Delivers Returns to Shareholders Through the $360 Million Sale of its US Industrial Real Estate Portfolio
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce the sale of its U.S. National I Portfolio (the 'Portfolio'). Highlights: The Portfolio spans six investments across six states and 2.3 million square feet, for an aggregate sale price of $360 million – an approximate 40% increase over its initial purchase price of ~$262 million less than four years ago. The Portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold period. Returns for the Portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%. The sold portfolio investments included: Tempe Commerce Park: ~536,000 square feet across 5 buildings Minneapolis Industrial Portfolio: ~616,000 square feet across 16 buildings Florida Industrial Portfolio: ~512,000 square feet across 13 buildings California Industrial Portfolio: ~303,000 square feet in one building New Jersey Industrial Portfolio: ~174,000 square feet across 3 buildings Nevada Industrial Portfolio: ~165,000 square feet in one building Commenting on the transaction, Interim Chief Executive Officer, Mohamed Aamer, said: ' We are pleased to have capitalized on the attractive exit opportunities in the industrial real estate asset class. Our priority is to invest in opportunities to provide the best possible returns for shareholders. The continued prevalence of e-commerce , along with limited levels of new supply in the US, have contributed to significant growth for the industrial sector over the past five-plus years, validating the strength of our investment thesis. W e continue to see further opportunities within the sector.' Properties in the Portfolio reside in top industrial submarkets with resilient demand. The assets boast diversified rent rolls and have continued to experience strong rental growth over the last few years despite rising interest rates. This showcases the Company's ability to add long-term value despite fluctuating economic environments. About Investcorp Capital plc: Investcorp Capital is an investor in private markets and alternative investment opportunities. It offers investors exposure to a global portfolio of investments across various asset classes, including those that have been and will continue to be carefully selected by Investcorp Group. Investcorp Capital covers strategies across corporate investments, global credit, real assets and strategic capital, to generate value and recurring income by receiving dividends, collecting rents, financing fees and interest. Investcorp Capital was founded by Investcorp Group, a leading independent manager of alternative investments, with over $55 billion in assets under management (including assets managed by third parties). Investcorp Group has over four decades of experience and expertise in delivering attractive and consistent returns across multiple strategies, sectors and geographies.
Zawya
08-04-2025
- Business
- Zawya
Investcorp Capital delivers returns to shareholders through the $360mln sale of its US industrial real estate portfolio
Abu Dhabi – Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: ' ICAP '), an investor in private markets and alternative investment opportunities, is pleased to announce the sale of its U.S. National I Portfolio (the ' Portfolio '). Highlights The Portfolio spans six investments across six states and 2.3 million square feet, for an aggregate sale price of $360 million – an approximate 40% increase over its initial purchase price of ~$262 million less than four years ago. The Portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold period. Returns for the Portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%. The sold portfolio investments included: Tempe Commerce Park: ~536,000 square feet across 5 buildings Minneapolis Industrial Portfolio: ~616,000 square feet across 16 buildings Florida Industrial Portfolio: ~512,000 square feet across 13 buildings California Industrial Portfolio: ~303,000 square feet in one building New Jersey Industrial Portfolio: ~174,000 square feet across 3 buildings Nevada Industrial Portfolio: ~165,000 square feet in one building Commenting on the transaction, Interim Chief Executive Officer, Mohamed Aamer, said: ' We are pleased to have capitalized on the attractive exit opportunities in the industrial real estate asset class. Our priority is to invest in opportunities to provide the best possible returns for shareholders. The continued prevalence of e-commerce, along with limited levels of new supply in the US, have contributed to significant growth for the industrial sector over the past five-plus years, validating the strength of our investment thesis. We continue to see further opportunities within the sector.' Properties in the Portfolio reside in top industrial submarkets with resilient demand. The assets boast diversified rent rolls and have continued to experience strong rental growth over the last few years despite rising interest rates. This showcases the Company's ability to add long-term value despite fluctuating economic environments. About Investcorp Capital plc Investcorp Capital is an investor in private markets and alternative investment opportunities. It offers investors exposure to a global portfolio of investments across various asset classes, including those that have been and will continue to be carefully selected by Investcorp Group. Investcorp Capital covers strategies across corporate investments, global credit, real assets and strategic capital, to generate value and recurring income by receiving dividends, collecting rents, financing fees and interest. Investcorp Capital was founded by Investcorp Group, a leading independent manager of alternative investments, with over $55 billion in assets under management (including assets managed by third parties). Investcorp Group has over four decades of experience and expertise in delivering attractive and consistent returns across multiple strategies, sectors and geographies. Investcorp Capital is listed on the Abu Dhabi Securities Exchange (ADX) under the symbol 'ICAP'. For more information, please visit
Al Bawaba
08-04-2025
- Business
- Al Bawaba
Investcorp Capital Delivers Returns to Shareholders Through the $360 Million Sale of its US Industrial Real
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce the sale of its U.S. National I Portfolio (the 'Portfolio'). Highlights The Portfolio spans six investments across six states and 2.3 million square feet, for an aggregate sale price of $360 million – an approximate 40% increase over its initial purchase price of ~$262 million less than four years Portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold for the Portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%. The sold portfolio investments included: Tempe Commerce Park: ~536,000 square feet across 5 buildingsMinneapolis Industrial Portfolio: ~616,000 square feet across 16 buildingsFlorida Industrial Portfolio: ~512,000 square feet across 13 buildingsCalifornia Industrial Portfolio: ~303,000 square feet in one buildingNew Jersey Industrial Portfolio: ~174,000 square feet across 3 buildingsNevada Industrial Portfolio: ~165,000 square feet in one building Commenting on the transaction, Interim Chief Executive Officer, Mohamed Aamer, said: 'We are pleased to have capitalized on the attractive exit opportunities in the industrial real estate asset class. Our priority is to invest in opportunities to provide the best possible returns for shareholders. The continued prevalence of e-commerce, along with limited levels of new supply in the US, have contributed to significant growth for the industrial sector over the past five-plus years, validating the strength of our investment thesis. We continue to see further opportunities within the sector.' Properties in the Portfolio reside in top industrial submarkets with resilient demand. The assets boast diversified rent rolls and have continued to experience strong rental growth over the last few years despite rising interest rates. This showcases the Company's ability to add long-term value despite fluctuating economic environments. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Mid East Info
17-03-2025
- Business
- Mid East Info
Investcorp Capital Acquires a Diversified Portfolio of Private Market Investments - Middle East Business News and Information
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, has acquired an interest in a diversified portfolio of assets consisting of corporate investments, real assets and credit investments (the 'Portfolio') from the Investcorp Group. The Portfolio is comprised of assets in high-potential sectors such as technology and business services, with a large majority in North America and Europe. Investcorp Capital expects the transaction to drive additional value creation for its shareholders and anticipates realizing a significant portion of the Portfolio in a shorter timeframe than usual. The transaction was approved by the Company's Board of Directors on 13 March 2025. The consideration of over $200 million (subject to adjustments) will be payable by the Company on or before 31 December 2025. Investcorp Capital was advised by KPMG and Morgan Lewis & Bockius LLP. Mohamed Aamer, Interim Chief Executive Officer of Investcorp Capital commented: 'We are pleased to announce the acquisition of this portfolio from the Investcorp Group, at an attractive fair market value for our shareholders. This transaction adds a range of investment allocations to the Investcorp Capital portfolio that we expect to result in profitable distributions in the near-medium term to the benefit our shareholders.' About Investcorp Capital plc: Investcorp Capital is an alternative investment company that invests in private markets and provides capital financing services. It offers investors exposure to a global portfolio of investments across various asset classes, including those that have been and will continue to be carefully selected by Investcorp Group. Investcorp Capital covers strategies across corporate investments, global credit, real estate and strategic capital, to generate value and recurring income by receiving dividends, collecting rents, financing fees and interest. Investcorp Capital was founded by Investcorp Group, a leading independent manager of alternative investments, with $55 billion in assets under management (including assets managed by third parties). Investcorp Group has over four decades of experience and expertise in delivering attractive and consistent returns across multiple strategies, sectors and geographies. Investcorp Capital is listed on the Abu Dhabi Securities Exchange (ADX) under the symbol 'ICAP'.
Mid East Info
18-02-2025
- Business
- Mid East Info
Investcorp Capital furthers U.S. real estate investments with acquisition of four student housing accommodations
Investcorp Capital plc (the 'Company' or 'Investcorp Capital') (ADX symbol: 'ICAP'), an investor in private markets and alternative investment opportunities, is pleased to announce its investment in four student housing acquisitions totaling more than 2,500 beds for a gross transaction value of over $300 million in aggregate. The acquisitions include: A 792-bed, 99%-occupied property at Texas A&M University in College Station, Texas; A 486-bed, 98%-occupied property at Texas State University in San Marcos, Texas; A 699-bed, 96%-occupied property at the University of Kentucky in Lexington, Kentucky; and A 684-bed, 99%-occupied property at the University of Oklahoma in Norman, Oklahoma. This builds on Investcorp Capital's investments in U.S. student housing, with $160 million previously invested in the University of Florida and the University of Texas at Austin. The investment activity aligns with the Company's business model and its commitment to seeking to pay strong semi-annual dividends of at least 8% per annum. Tim Mattar, Chief Executive Officer of Investcorp Capital, commented: 'The student housing sector continues to perform well, and we believe the robust fundamentals of this asset class will translate into strong performance and compelling risk-adjusted returns for investors. With more than 22 million college students in the U.S., there is significant demand for housing which many of the top universities struggle to meet, leading students to hunt for off-campus options. Combined with growing enrollment and steady rent growth, we believe this creates favorable operating dynamics which support our long-term conviction in the asset class.' Mohamed Aamer, Incoming Interim Chief Executive Officer of Investcorp Capital commented: 'There are attractive opportunities to be found within real estate, and as an asset class it continues to show solid performance. At Investcorp Capital, we are committed to delivering positive, risk-adjusted returns for investors, and will continue to target growth sectors across our asset classes.'
