| Kippreport.com

Bahrain’s Investcorp buys US kitchenware retailer

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.

Tags: Bahrain, Bahrain Investcorp, Behnke, Freeman Spogli & Co, Investcorp, investment management, kitchenware, retailer, Sur La Table, US kitchenware