Reuters: Private Equity: Investcorp to buy U.K. education group -sources

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Investcorp to buy U.K. education group -sources Mar 19th 2012, 07:58 DUBAI, March 19 | Mon Mar 19, 2012 3:58am EDT DUBAI, March 19 (Reuters) - Bahrain-based alternative investment manager Investcorp is planning to acquire U.K.-based education firm GL Education Group, two sources familiar with the matter said. GL Education, earlier called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children. No immediate comment was available from Investcorp. Investcorp is looking to spend more than $400 million on stakes in companies in Turkey and in the Gulf Arab states in the next two years through its $1 billion Gulf Opportunities Fund I which is 50 per cent invested so far in four deals, a senior executive told Reuters in November.

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