Bahrain’s Investcorp Buying Stake in Hydrasun From Equistone
This article is for subscribers only.
Investcorp SA, the Bahrain-based investment company with $11.5 billion of assets under management, bought a controlling stake in oil and gas services provider Hydrasun in a deal valued at as much as $300 million.
Investcorp acquired the stake from Equistone Partners Europe Ltd. for between $150 million and $300 million, Mohammed Al-Shroogi, the company’s president for Gulf business, told reporters in Dubai today. Aberdeen, Scotland-based Hydrasun provides hydraulic equipment and fluid connectors for the offshore oil and gas industry.