HarbourVest to invest $300m in Arcapita arms
Kingdom-based Arcapita Bank said global private equity firm, HarbourVest Partners would invest approximately $300 million in five companies controlled by it.
The bank said United States based HarbourVest acquired minority interests in five of its portfolio companies and has committed follow-on capital in support of their growth strategies.
Both the entities created a new fund to effect the transaction while Arcapita will continue to manage the portfolio.
Source:
http://www.zawya.com/story.cfm/sidZAWYA20101005070734/HarbourVest%20to%20invest%20$300m%20in%20Arcapita%20arms
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