Investcorp, Tages merge absolute return businesses

Rishi Kapoor, co-chief executive officer of Investcorp
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Updated 07 May 2020

Investcorp, Tages merge absolute return businesses

Investcorp, a global provider and manager of alternative investment products, and Tages Group, an European alternative asset management firm, have created a 50/50 joint venture through merging Investcorp’s absolute return investments (Investcorp ARI) business and Tages Capital LLP, the absolute return subsidiary of Tages.

The joint venture, called Investcorp-Tages Limited, leverages Tages Capital’s and Investcorp ARI’s investment expertise and complementary footprints in seeking to create a global absolute return platform with more than $6 billion in revenue-generating assets. Rishi Kapoor, co-chief executive officer of Investcorp, said: “We believe that the joint venture with Tages will be optimally positioned for accelerated growth serving the evolving needs of investors for absolute return investments in the post-COVID landscape, with an expanded geographic footprint, deeper bench of talent and enhanced scale.”

Panfilo Tarantelli, CEO and founding partner of Tages, said: “Tages and Investcorp are ideal partners with long histories of performance generation and cultures of excellence. We are confident that our combined strengths will accelerate our objectives to drive growth.”

Investcorp-Tages Limited will be co-led by existing management, including Lionel Erdely, head and CIO of Investcorp’s ARI business, and Salvatore Cordaro, founding partner and CIO of Tages Capital. 

Erdely said: “Our joint venture will deliver meaningful benefits for our clients. Together, we will be able to offer a broader array of absolute return investment solutions across strategies and markets. As we bring the best of our organizations together, we will remain focused on maintaining the nimble, entrepreneurial approach that has driven our success.”

 


Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Updated 04 June 2020

Al-Dabbagh Group Ranked sixth on Kingdom of Saudi Arabia’s Great Place to Work List

Jeddah, Saudi Arabia: Al-Dabbagh Holding Group, founded in 1962, has been ranked sixth in the Saudi Arabian private sector's best working environments for the year 2020. The ranking is compiled by Great Place to Work, a leading global organization that evaluates work environments across more than 60 countries.
This achievement comes in recognition of Al-Dabbagh Group's efforts toward creating and fostering a positive working environment for all. Employees participated in a questionnaire on work-place satisfaction, and the company policies were also subject to an external review, both of which contributed to the resulting ranking.
Al-Dabbagh Group’s Head of Human Resources, Hayfa Abu-Zabibah has said that "this achievement is the result of the Group's unique culture, derived from the philosophy of Omnipreneurship, which embraces comprehensive leadership and is made up of three principles (Giving, Earning and Sustaining) five values (integrity, passion, respect, forward-thinking, teamwork) and ten golden rules. The principles, values and golden rules provide the framework that govern the Group’s ecosystem and culture.”
Hayfa added that receiving this award will only increase the Group’s motivation to further promote this ecosystem and continue efforts toward becoming a better place to work.