Berkshire Global Advisors Acted as Financial Advisor to Investcorp
Seller Details:
With $4.8 billion in AUM, Corsair’s infrastructure business (“Infrastructure Business”) invests in transportation, logistics and associated infrastructure subsectors globally. The Infrastructure Business leverages a unique model that blends operating platforms with equity sponsorship, as well as a market-leading profile in infrastructure investing.
Buyer Details:
Investcorp is a global investment manager, specializing in alternative investments across real estate, private equity, credit, absolute return strategies, GP stakes, infrastructure and insurance asset management. At the time of this transaction, Investcorp manages over $50 billion in assets, has 14 offices across the US, Europe, GCC and Asia, and employs approximately 500 people from 50 nationalities globally.
Transaction Summary:
The acquisition was consummated through the establishment of Investcorp Corsair Infrastructure Partners (“Investcorp Corsair”), a new entity jointly owned by Investcorp and Corsair Capital that comprises the Infrastructure Business’ existing funds, investments, and team, and which will continue to pursue a highly differentiated and scalable investment strategy in transportation, logistics, and associated infrastructure subsectors. Investcorp Corsair will capitalize on the strong and growing demand for infrastructure assets around the world, and on the private markets experience of both Corsair and Investcorp. Corsair’s Partner Hari Rajan, who has been serving as its Head of Infrastructure, will continue to lead the Infrastructure Business as the new Managing Partner of Investcorp Corsair. The team remains based in New York, with additional presence in London, Madrid, and Sydney.