Investcorp Acquires Majority Stake in NourNet
October 3, 2022
Investcorp has acquired a majority stake in Nour Internet for Communication and Information Technology Company (NourNet), a leading Saudi provider of connectivity, cloud, cybersecurity and managed ICT services. The investment, made by an entity managed by Investcorp as part of its Saudi Pre-IPO Growth Fund, will support NourNet's service and geographic expansion and prepare the business for future growth and potential listing.
- Buyers
- Investcorp
- Targets
- NourNet (Nour Internet for Communication and Information Technology Company)
- Sellers
- Nour Communications Co.
- Industry
- IT Services
- Location
- Riyadh Province, Saudi Arabia
- Transaction Type
- Buyout
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