Manama: Investcorp, which reported healthy yield in 2014, remains upbeat for providing best possible investments opportunities in 2015 to its stakeholders, according to a senior official at the Firm.
“We have started our new financial year in a positive manner with one of our most notable investments was SPGPrints Group. We acquired the business in July for €240 million, which is just over BD117 million,” Mohammed Al Shroogi Investcorps President for Gulf Business told media during a post AGM briefing at Firm’s HQs in Manama on Monday.
“The company is based in the Netherlands and is a world leader in rotary screen and digital printing for textiles and graphic applications. It offers products and services to companies across the world whose need high quality solutions from product labeling and screen printing through to precision metal parts,” he explained.
“This may not sound the most exciting of businesses, but, if you look closely at some of the applications of its technologies, you can see the potential. For example, the graphics printing business makes printed electronics. Products include RFID antennae: think of how these are used by retailers to safeguard their stock; solar cells, which are undoubtedly playing an increasingly significant role in the world’s renewable strategy; and biosensors, a potentially huge market from doctors needing to remotely check patients to consumer electronic brands wanting to offer wearable biometric products,” he said.
“Its precision metal parts division meets the increasing need of industries across the world for smaller, more complex and more reliable devices with higher levels of performance, shorter design cycles and lower costs.
“SPGPrints is a great example of the kind of company we like to invest in. It’s a world leader in several of its niche markets and holds number two or three positions in others. It owns proprietary technology based on high quality R&D which has the potential to generate significant value as the demand for current markets grow and new markets develop.
“Its technology and know-how is world class, and we believe that with the right guidance and input, SPGPrint could become a global player. We’re now working with the management to apply our proven skills in developing businesses to enhance their value.”
“We have been located in Bahrain for nearly 30 years now and we hope that we have played and continue to play our part in helping to support the development of the Kingdom,” he said.
“Investcorp remains committed to its client’s base by providing them attractive corporate, real estate and hedge fund investment opportunities in the US, Europe and the Gulf,” he added.