Investcorp Capital Plc is a leading global investment manager that has been in operation since 1982. It was founded by Rishi Badkar and Bashar Masri.
With over 40 years of experience, Investcorp has established a strong reputation for delivering consistent investment returns to its clients. Its expertise spans across multiple asset classes, including private equity, real estate, hedge funds, and credit.
Investcorp's investment strategy is focused on generating long-term value for its clients through a disciplined and research-driven approach. This approach has enabled the company to achieve impressive returns on investment, with a strong track record of success.
Investcorp has a global presence, with offices in major financial hubs such as London, New York, and Bahrain.
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Investment Highlights and Performance
Investcorp Capital has a strong track record of delivering returns to its investors, with a notable 15.6% net return on investment in 2020.
The firm's ability to adapt to changing market conditions is a key factor in its success, as seen in its shift towards more sustainable and ESG-focused investments.
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Investcorp Capital has a significant presence in the Middle East and North Africa, with a notable $2.8 billion in assets under management in the region alone.
The firm's expertise in private equity and real estate investments has yielded impressive results, with a 12.4% net return on investment in its private equity portfolio.
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Welcome to IPO
Investcorp Capital plc has announced its intention to float on the Abu Dhabi Securities Exchange (ADX).
This is a unique offering on the ADX, offering eligible investors a chance to benefit from Investcorp Group's unparalleled sourcing capabilities and unique investment expertise.
Investcorp Group has been a leading name in alternative asset management for over 40 years, with a storied history of innovative and successful deals.
The launch of Investcorp Capital and its listing on the ADX will build on this established track record, opening up new opportunities for investors.
Professional Investors, as defined in the SCA Board of Directors' Chairman Decision No. 13/R.M of 2021, may participate in the First Tranche of the IPO.
Investcorp Capital aims to deliver attractive returns across economic cycles, with a recurring cash yield to support a targeted 8% dividend payment per year on net asset exposure.
For more information on Investcorp Capital, please refer to the UAE Prospectus and the IOM.
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$280M for Global Portfolio Reinforcement
Investcorp Capital has been actively injecting funds into its global portfolio, with a significant $280 million investment made over the last six months.
This investment activity is in line with the company's business model, which aims to pay at least 8% dividends in equal semi-annual installments.
The company has been strategic in its investments, with a focus on real estate, infrastructure, and corporate investments. Notably, it participated in a $70 million investment in two student housing properties in the US, acquired for a gross purchase price of $160 million in June 2024.
Investcorp Capital has also made significant investments in the US industrial sector, with three acquisition deals funded for $98 million in August 2024, contributing to a gross transaction cost of approximately $300 million.
Here's a breakdown of the company's recent investments:
These investments demonstrate Investcorp Capital's commitment to its business model and its ability to deliver attractive returns across various asset classes.
Quotes and Performance
Investors can expect a decline in performance over the past few months, with the current month and 1-month returns both showing a -4.62% decrease.
The 3-month and 6-month returns are even more significant, with a -6.06% and -7.00% decline, respectively.
Here's a breakdown of the performance over the past few months:
The current year is also showing a decline, with a -6.06% return.
Investment Management and Funds
Investcorp Capital has made significant investments in the Italian alternative payments market.
One notable investment is in Epipoli, an Italian alternative payments company.
Epipoli aims to revolutionize the payment industry with its innovative solutions.
Investcorp Capital's investment in Epipoli demonstrates its commitment to supporting innovative companies in the financial sector.
The Abu Dhabi Securities Exchange has experienced fluctuations in the past few months, with a 5-day change of 0.00% and a 1st Jan change of -6.06%.
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Financial Information
Investcorp Capital's financial information reveals some interesting trends. The company's valuation multiples are not available for FY2021A, FY2022A, and FY2023A, but we do see a significant drop in its Price-to-Earnings (PE) ratio from 11.21 in FY2024E to 7.14 in FY2025E.
The Price-to-Book (PB) ratio remains steady at 0.77 from FY2024E to FY2025E. This suggests that investors are valuing the company's assets at a relatively stable price.
The dividend yield has increased significantly from 0.00% in FY2022 to 10.34% in FY2025E, indicating that the company is now offering a more attractive return to investors.
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Dividend Policy
Investcorp Capital plans to pay a targeted annual cash dividend equivalent to 8% of net asset exposure, paid in equal instalments semi-annually.
The first dividend payment is expected in February 2024, and the second in October 2024, for the financial year ending 30 June 2024.
Dividends will be based on the total net asset exposure as at 30 June, 2024 and 30 June, 2025 respectively, with a minimum of 8% semi-annual cash dividends.
If dividends in any period are less than the intended targeted amount, Investcorp Group will forgo its right to receive dividend payments to pay a pro rata amount to other shareholders.
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Financial
The financial health of a company is a crucial aspect to consider. A company's valuation is a key indicator of its financial health.
The price-to-earnings (PE) ratio, or how much investors are willing to pay for each dollar of earnings, is an important metric. In FY2024E, the PE ratio is 11.21, indicating that investors are willing to pay $11.21 for each dollar of earnings.
Dividend yield, or the percentage of a company's annual dividend payment relative to its stock price, can also be a useful indicator of a company's financial health. In FY2023A, the dividend yield is 5.38%.
Here's a breakdown of the company's financial metrics over the past few years:
Company News and Updates
Investcorp Capital plc has announced its intention to float on the Abu Dhabi Securities Exchange (ADX).
This is a unique offering on the ADX, giving eligible investors the chance to benefit from Investcorp Group's unparalleled sourcing capabilities and unique investment expertise.
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Investcorp Group has been a leading name in alternative asset management for over 40 years, with a storied history of innovative and successful deals across various investment areas.
The launch of Investcorp Capital and its listing on the ADX will build on the established track record of Investcorp, opening up its offering to a wider range of investors.
Only "Professional Investors" as defined in the SCA Board of Directors' Chairman Decision No. 13/R.M of 2021 are eligible to participate in the First Tranche (pro rata allocation tranche) of the UAE Offering.
Investcorp Capital aims to deliver attractive returns across economic cycles with a recurring cash yield to support a targeted 8% dividend payment per year on net asset exposure.
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Frequently Asked Questions
Who owns Investcorp Capital?
Investcorp is the ultimate parent entity, owning Investcorp Holdings Limited, which in turn owns Investcorp S.A.
Is Gucci still owned by Investcorp?
No, Gucci is no longer owned by Investcorp, as they exited their position after Gucci went public. Investcorp's stake was sold to Kering in 2004, making Kering the current sole owner of Gucci.
How much is Investcorp worth?
As of January 2023, Investcorp's total assets under management reached $50 billion. This significant milestone reflects the company's global presence and expertise in asset management.
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