Investcorp, a global alternative investment firm, announced the appointment of Suhail Shaikh as Co-Head of Investcorp’s Private Credit business. Based in New York, Shaikh will co-lead the private credit business alongside current Co-Head, Mike Mauer. Shaikh brings with him approximately $200 million of assets under management and three team members from his previous firm Alcentra, expanding the private credit team to…
Investcorp, a global provider and manager of alternative investment products, announced the appointment of Harsh Shethia as Head of its business in India. He will report directly to Rishi Kapoor, Investcorp Group’s Co-Chief Executive Officer. Harsh has been with Investcorp for nearly 19 years. He joined Investcorp from Goldman Sachs London, and has held different…
Investcorp announced that it has entered into a definitive agreement to sell Avira to NortonLifeLock, a global leader in consumer Cyber Safety, for approximately US $360 million. The transaction is expected to close in Q1 2021, subject to regulatory approvals and customary closing conditions. Avira is a Germany-headquartered, global cybersecurity software solutions firm serving the…
Zolostays, a Bengaluru-based co-living startup, announced that it has raised $56 million Series C funding led by Investcorp, Nexus Venture Partners, Mirae Assets, and Trifecta Capital, among others. Founded in 2015 by Nikhil Sikri, Akhil Sikri, and Sneha Choudhry, Zolostays earlier raised more than $40 million from the likes of IDFC Alternatives; Mirae Asset; Nexus…