Bahrain’s Investcorp has signed an agreement to acquire Unilog, an Indian e-commerce solutions provider.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…173 | the publication reaches you by | Bahrain News
“Unilog presents an attractive opportunity, as it operates in a large and growing addressable market driven by e-commerce ladoption, which has only been further accelerated amidst COVID-19,” said Gaurav Sharma, Head of Private Equity, Investcorp India.
Since its inception, Investcorp has made about 200 private equity investments in the US, Europe, the Middle East and North Africa region and Asia, across a range of sectors.
“We believe Unilog is extremely well-positioned to benefit from the shifting consumer patterns and rapid e-commerce adoption amidst COVID-19,” said Tarek AlMahjoub, Head of UAE and Oman for Investcorp’s Private Wealth.
“The company has a proven management team that has demonstrated strong business fundamentals, and we look forward to partnering with them,” he added.
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