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Arcapita exits paving companyThe Atlanta-based firm formerly known as Crescent Capital has sold B.R. Lee Industries for $129.5 million, after purchasing the company in 2000 for around $65 million.
- Terra Firma to acquire UK water utility
Having missed out on South Staffordshire Water, the investment firm run by Guy Hands has agreed to acquire publicly listed East Surrey Holdings for £453m.
- Crescent, First Islamic change name
Crescent Capital Investments and its Bahrain-based parent First Islamic Bank are to change their name to Arcapita.