Bahrain-based private equity firm Investcorp Bank BSC is in exclusive talks to buy a minority stake in Saudi Arabia-based health-care company Al Borg Medical Laboratories, according to people with knowledge of the matter.
The deal could value the company at more than 1 billion riyals ($270 million), the people said, asking not to be identified as the information is private. Ernst & Young is advising Al Borg on the sale, they said.
