MANAMA / WAM
Investcorp on Sunday announced it has entered into a definitive agreement to acquire Mercury Capital Advisors (Mercury), one of the leading institutional capital raising and investment advisory enterprises. As part of the transaction, Mercury will remain an independent business operating under its current leadership team.
This investment is the latest milestone in Investcorp’s ambitious growth strategy to reach $50 billion in assets under management over the medium term.
“Our partnership with Mercury is completely in line with Investcorp’s long-term strategy and our mission to serve investors worldwide with an array of attractive opportunities in alternative investments,” said Mohammed Alardhi, Executive Chairman of Investcorp. “Mercury is well positioned to deliver unique solutions to clients across the globe through its traditional placement capabilities.”