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Tue 22 Apr 2014 02:01 PM

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Bahrain's Investcorp says to acquire US-based firm

Investment company agrees deal for Cincinnati-based accessories brand Totes Isotoner Corp

Bahrain's Investcorp says to acquire US-based firm

Bahrain-based alternative investment fund Investcorp said on Tuesday it had agreed to acquire US-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli & Co.

No terms were disclosed for the purchase from MidOcean Partners and Bruckmann, Rosser, Sherrill & Co.

Investcorp's president for Gulf business, Mohammed al-Shroogi, said the investment would help Totes Isotoner expand both its geographical footprint and its product range.

Cincinnati, Ohio-based Totes Isotoner sells umbrellas, gloves, slippers and other weather-related accessories.

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