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Investcorp acquires participation in CM



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Bahrain: «Golf»

The Investcorp Credit Management Unit in the United States has announced that it has signed a definitive agreement to acquire a majority stake in CM Investment Partners, the CM Finance investment adviser, through the purchase of shares Some of the funds managed by Cyrus Capital Partners and Stavell Venture Corp., as well as new shares issued by CM Investment Partners. As a result of this operation, Investcorp will own the largest participation of CM Investment Partners.
At the same time, Investcorp PDC Holding Limited has subscribed a definitive purchase agreement with CM Finance, and therefore, within the two years following the end of the transaction, the unit will acquire 1 shares of the new shares of CM Finance. For the amount of 5% of the total of ordinary shares traded on the date of entry to the purchase contract of shares and (ii) to the ordinary shares of CM Finance in open market operations that represent the 5% of the total of ordinary shares traded from the date of subscription to a Purchase of shares contract.

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