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Bahrain’s Investcorp buys US kitchenware retailer
Bahrain-based investment manager Investcorp said on Tuesday it had acquired US kitchenware retailer Sur La Table from the Behnke family and investment firm Freeman Spogli & Co.
September 20, 2011 2:57 by Reuters
Investcorp did not disclose a value for the deal. Sur La Table, headquartered in Seattle, has around 86 stores across the United States, Investcorp said in a statement.
Both the Behnke family and Freeman Spogli & Co will remain as investors in the company, Investcorp said.
Investcorp had assets under management of $11.9 billion as at end June 30. Its net income for fiscal year 2011 rose 37 percent, helped by the profitable sale of some of its investment holdings, the company said last month.