Investcorp at the lookout for new European luxury firms to invest

Bahrain-based firm Investcorp, the former owner of Gucci, is fit for purpose with its

quest for iconic brands. Since 2012, Investcorp has invested in George Jensen, shown interest in Gianni Versace SpA and eyed Roberto Cavalli Group.

“We developed a legacy with the landmark deals that we’ve done, and have invested in over 40 separate retail companies,” said in an interview with the ‘Wall Street Journal’ Kevin Nickelberry, managing director at Investcorp.

In 2012 Investcorp acquired Scandinavian luxury retailer Georg Jensen, a designer and manufacturer of jewelry, watches, fine silverware and luxury home goods, for 140 million dollars. The Bahrein-based company bought it from Danish buyout firm Axcel Management and teamed up on the deal with Nautica founder David Chu, recalled the ‘WSJ’.

Earlier this year, Investcorp was mentioned amongst those reportedly shortlisted to bid for a stake in Gianni Versace SpA. Likewise, in May, Investcorp was also reportedly eyeing a stake in Roberto Cavalli Group.

Earlier this year Investcorp partnered with Freeman Spogoli & Co. to acquire umbrella and accessories maker Totes-Isotoner Corp. from MidOcean Partners for 525 million dollar, with a view to accelerate its presence in Europe, said Nickelberry.

“Now the firm looks to grow its portfolio companies both organically and through add-on acquisitions, as well as broadening its presence through international expansion or e-commerce,” said Nickelberry.

In addition to growing through add-on acquisitions, the firm looks to expand portfolio companies with new channels and geographies, further added the managing director at Investcorp.