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Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, on Monday announced that one of its affiliates has acquired a majority ownership position in KSM Consulting, a leading consulting firm specialising in data analytics, technology and digital ..
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Investcorp, the Bahrain-based alternative investment manager, said one of its affiliates acquired a majority stake in the US technology company KSM Consulting from Renovus Capital Partners.
Terms of the transaction were not disclosed and Renovus will continue to maintain a minority stake in the business. The past year highlighted the importance of embracing technology for all organisations, regardless of size, sector or industry, Tarek AlMahjoub, head of UAE and Oman for Investcorp’s private wealth, said.
KSMC’s people, values and culture set it apart in a highly fragmented market, and we are excited to be partnering with them , he added.
Renovus Capital Partners has sold its majority ownership stake in KSM Consulting, a consulting firm in data analytics, technology and digital transformation, and Tempus Nova, an IT service management company, to Investcorp.
KSM Consulting Acquired insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.