Investcorp
Manama, BahrainInvestcorp is a Manama private equity firm with €53.0B AUM, 86 active companies and 15 exits.
- ·11 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 12 realized deals: 5 years.
- ·Best return: 3.8x MOIC on Safari Industries (2023).
- ·Fund cadence: ~3Y between vintages · last raise 2024.
Sector breakdown
100 companiesGeography breakdown
20 geographiesKey facts
Recent exits
Investcorp sold Contentserv to Centric Software (Dassault Systèmes) in 2025 after 6 years.
Investcorp sold HWG Sababa to Investcorp CF (Hayfin / Coller) in 2025 after 3 years.
Investcorp sold Citykart to TPG NewQuest / A91 Partners in 2025 after 6 years.
Investcorp sold RESA Power to Kohlberg & Company in 2025 after 4 years.
Coverage notes
6 funds tracked, 101 portfolio companies (86 active · 15 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund Investcorp has raised, with its portfolio companies. Hand-checked from public filings.
Technology Partners V (ITP V)Buyout2024€570M41 assets3 exitsBuyout2024 · 2yr€570M413
Unrealized
41 held| Company | Entry |
|---|---|
| ABAX TMT · Norway | – |
| Acura Industrials · Germany | – |
| Al Borg Diagnostics Healthcare · UAE | – |
| Banner Ridge Partners Business Services · US | – |
| Canpac Industrials · Ahmedabad, Gujarat | – |
| City Super Group Consumer · Hong Kong | – |
| Corneliani Consumer · Italy | – |
| Corsair Capital Financials | – |
| Eagletree Capital Financials · Bahrain | – |
| Ensure Consumer · US | – |
| Heritage Foods Consumer · India | 2015 |
| HWG Industrials · Italy | – |
| IDX Healthcare · UK | – |
| Innova Semplice Software · Italy | – |
| Intergrow Brands Consumer · US | – |
| Kindstar Global Healthcare · China | – |
| KS Group Software · US | – |
| Linkedcare HealthTech · US | – |
| Lu Daopei Medical Healthcare · China | – |
| MML Capital Financials · UK | – |
| Monomoy Industrials · UK | 2017 |
| NetRom TMT · Netherlands | – |
| POC Software · Sweden | – |
| Project Aspen Software | – |
| Project Highway Software · US | – |
| Project Mountain Software · US | – |
| PT Multitrend Indonesia Industrials · Indonesia | – |
| Revature IT Services · US | – |
| rTekk Software · UK | – |
| Sanos Software · Denmark | – |
| SPGPrints Industrials · Netherlands | – |
| Tailwind Capital Financials · US | – |
| TPx Communications Telecom · US | – |
| Unifyr TMT · Germany | – |
| Unilog SaaS · US | – |
| Veda TMT · Germany | – |
| Viz Branz TMT | – |
| Warwick Capital Partners Financials · UK | – |
| WeDoctor HealthTech · China | – |
| Zacco TMT · Denmark | – |
| Zift Solutions TMT · US | – |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Artemis Healthcare · Chevy Chase, MD | – | – | Trade Sale | Barings | – |
| Contentserv TMT · Germany | 2019 | 2025 | Trade Sale | Centric Software (Dassault Systèmes) | – |
| HWG Sababa TMT · Italy | 2022 | 2025 | Continuation Vehicle | Investcorp CF (Hayfin/Coller) | – |
India PE IIIGrowth2023€700M10 assets3 exitsGrowth2023 · 3yr€700M103
Unrealized
10 held| Company | Entry |
|---|---|
| FreshToHome FoodTech · India | 2020 |
| Global Dental Services (Clove Dental) Healthcare · India | 2022 |
| InCred Financial Services Fintech · India | 2021 |
| InsuranceDekho Fintech · India | – |
| NephroPlus Healthcare · India | 2019 |
| NuSummit (ex-NSEIT) TMT · India | 2024 |
| Wakefit Consumer · India | 2022 |
| Wingreens Farms Consumer · India | 2021 |
| XpressBees TMT · India | 2020 |
| ZoloStays TMT · India | 2020 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| ASG Eye Hospitals Healthcare · India | 2017 | 2022 | Secondary | General Atlantic + Kedaara Capital | – |
| Citykart Consumer · India | 2019 | 2025 | Secondary | TPG NewQuest / A91 Partners | – |
| Safari Industries Consumer · India | 2021 | 2023 | Secondary | Public Market (BSE/NSE) | 3.8x |
North America PE I (NAPE I)Buyout2023€1.2B14 assets2 exitsBuyout2023 · 3yr€1.2B142
Unrealized
14 held| Company | Entry |
|---|---|
| AlixPartners Business Services · US | 2017 |
| Best in Class Technology Services (BCTS) Construction · US | 2024 |
| CrossCountry Consulting Business Services · US | 2022 |
| Fortune International Consumer · US | 2020 |
| Guardian Fire Services Construction · US | – |
| Health Plus Management Healthcare · US | 2019 |
| ICR Energy · US | 2018 |
| Kanawha Scales & Systems Industrials · US | – |
| PKF O'Connor Davies Business Services · US | 2024 |
| Resultant TMT · US | 2021 |
| RoadSafe Traffic Systems Construction · US | 2021 |
| S&S Truck Parts Mobility · US | 2022 |
| Shearer Supply Construction · US | – |
| Sunrise Produce Consumer · US | 2022 |
Realized
2 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Berlin Packaging Industrials · US | 2007 | 2014 | Secondary | Oak Hill Capital | – |
| RESA Power Industrials · US | 2021 | 2025 | Secondary | Kohlberg & Company | – |
Europe PEHarvestingBuyout2019€1.0B7 assets3 exitsBuyout2019 · 7yr€1.0B73
Unrealized
7 held| Company | Entry |
|---|---|
| Eficode TMT · Finland | 2022 |
| Miebach Consulting Business Services · Germany | – |
| Outcomes First Group Healthcare · UK | 2024 |
| SEC Newgate Business Services · UK | 2020 |
| softgarden e-recruiting GmbH HR Tech · Germany | 2022 |
| Stowe Family Law Business Services · UK | 2024 |
| Vivaticket SaaS · Italy | 2019 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Dainese Consumer · Italy | 2015 | 2022 | Secondary | Carlyle Group | – |
| Epipoli Fintech · Italy | 2025 | – | – | – | – |
| Georg Jensen Consumer · Denmark | 2012 | 2023 | Trade Sale | Fiskars Group | – |
Technology Partners IV (ITP IV)HarvestingBuyout2017€400M4 assets3 exitsBuyout2017 · 9yr€400M43
Unrealized
4 held| Company | Entry |
|---|---|
| Ativion (ex-Impero) TMT · UK | – |
| Calligo TMT · UK | 2016 |
| Cambio Healthcare Systems HealthTech · Sweden | 2019 |
| Ubisense TMT · UK | 2018 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Avira TMT · Germany | 2020 | 2021 | Trade Sale | NortonLifeLock (Gen Digital) | 2.0x |
| Shine (ex-Ageras) TMT · Denmark | – | 2025 | Trade Sale | Cegid Group (Silver Lake) | – |
| Softgarden HR Tech · Germany | 2018 | 2022 | Trade Sale | Grupa Pracuj (Pologne) | – |
PE MENAHarvestingBuyout2007€1.7B9 assets1 exitsBuyout2007 · 19yr€1.7B91
Unrealized
9 held| Company | Entry |
|---|---|
| Agromillora Agriculture · Spain | 2016 |
| Al Borg Medical Laboratories Healthcare · Saudi Arabia | 2016 |
| Coresec Cybersecurity · Sweden | 2016 |
| Namet Consumer · Turkey | – |
| NDT Corrosion Control Services Industrials · Saudi Arabia | 2015 |
| NourNet Telecom · Saudi Arabia | 2022 |
| Reem Integrated Healthcare (Reem Hospital) Healthcare · UAE | 2018 |
| Salla E-commerce · Saudi Arabia | 2024 |
| TruKKer TMT · Saudi Arabia | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Leejam (Fitness Time) Hospitality · Saudi Arabia | 2013 | 2018 | IPO | Tadawul (1830) | – |
Other portfolio companies
1 more Investcorp investment not tied to a tracked fund.
- Hilding Anders · Consumer · Sweden · 2003
About Investcorp
Investcorp is an alternative investment platform with capital deployed across 6 active fund vehicles, headquartered in Paris. The firm deploys capital across European mid and small-cap businesses spanning TMT, consumer, industrials, healthcare, software and business services.
Investment thesis
The platform combines complementary investment strategies, deploying capital across TMT, consumer, industrials, healthcare, software and business services businesses in France and selectively across Europe. Multi-strategy capital deployment enables flexibility across the business lifecycle, with the partnership culture supporting management teams through growth, transmission and selective M&A across multiple fund vintages and asset classes.
Recent activity
Recent realised exits include HWG Sababa (TMT, 2025), Contentserv (TMT, 2025), RESA Power (industrials, 2025) and Citykart (consumer, 2025). The platform tracks 6 fund vehicles, 82 active portfolio companies and 15 realised exits across the strategy's history.
Frequently asked questions
- How many portfolio companies does Investcorp have?
- Investcorp has 86 active portfolio companies and 15 completed exits and 6 funds tracked on GP Intel.
- Where is Investcorp headquartered?
- Investcorp is headquartered in Manama, Bahrain.
- What is Investcorp's assets under management?
- Investcorp manages approximately €53.0B in assets under management.
- What are Investcorp's recent exits?
- Recent realized exits by Investcorp include: Contentserv (2025) to Centric Software (Dassault Systèmes); HWG Sababa (2025) to Investcorp CF (Hayfin/Coller); Citykart (2025) to TPG NewQuest / A91 Partners; RESA Power (2025) to Kohlberg & Company; Shine (ex-Ageras) (2025) to Cegid Group (Silver Lake); Safari Industries (2023) to Public Market (BSE/NSE), 3.8x; Georg Jensen (2023) to Fiskars Group; ASG Eye Hospitals (2022) to General Atlantic + Kedaara Capital.