$53 Billion Asset Manager Investcorp Sells US Firm to Kohlberg

Investcorp, the Middle East’s largest alternative asset manager, has sold US-based Resa Power to Kohlberg.

The deal is the first exit from Investcorp’s $1.2 billion North America Private Equity Fund 1, the Bahrain-based firm said in a statement, without disclosing financial details. Since Investcorp’s 2021 acquisition of Resa, which provides electrical testing and power systems servicing across North America, its revenue has increased more than fourfold.