Reuters - Investcorp Takes Stake in Automak

Bahrain-based Investcorp acquired a 35-percent stake in Kuwait's car leasing and rental firm Automak Automotive Co., marking the alternative asset manager's sixth investment through its $1 billion Gulf Opportunity Fund. Investcorp did not give financial details of the transaction but said in a statement on Sunday that the deal will be done through a capital injection, Reuters wrote.

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