Dubai: Bahrain-based Investcorp said it has acquired sports equipment manufacturer POP for $65 million from its US based parent Black Diamond, the alternative investment firm said on Thursday.
Sweden-based POP makes gear for skiing and cycling. The acquisition comes almost a year after Investcorp bought motorcycling protection gear maker Dainese. “There are synergies between the two businesses that will be explored in the future,” Investcorp said in a statement. Investcorp’s acquisitions this year include United States school provider Nobel Learning, a portfolio of residential properties for around $300 million and a majority stake in a Turkish vehicle tracking system.
