Investment company agrees deal for Cincinnati-based accessories brand Totes Isotoner Corp
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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.