Tiffany's Sparkle May Have Blinded InvestcorpLaura Zinn
A decade is a lifetime in the buyout business, and most of the outfits that engineered the big retail deals of the 1980s have long since turned to other things. But Investcorp, the Bahrain-based investment bank with hefty assets and a low profile, has continued to snap up retailers. Founded in 1982 by Chase Manhattan banker Nemir A. Kirdar, the firm did its first big deal when it bought Tiffany & Co. in 1984 and took it public in 1987 at a profit of more than $100 million. Since then, Investcorp has bought retailers with an ardor that would make Robert Campeau blush.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.