Investcorp Buys 50% Stake of Corsair’s $5B Infrastructure Unit
Investcorp, a Bahrain-based asset manager with Mubadala Investment Company as its largest shareholder, has acquired a 50% stake in Corsair Capital’s $4.8 billion infrastructure business.
The deal was completed through the formation of Investcorp Corsair Infrastructure Partners, a new corporation jointly owned by Investcorp and Corsair that combines the existing infrastructure funds, investments, and personnel.
Investcorp Corsair Infrastructure Partners will continue to pursue investments in transportation, logistics, and related infrastructure subsectors.
“We recognize Investcorp Corsair’s potential as a driving force for economic growth. Our new partnership with Corsair also underscores our dedication to delivering value to our stakeholders and advancing Investcorp’s long-range plan,” said Mohammed Alardhi, executive chairman of Investcorp.
Corsair’s partner Hari Rajan, head of infrastructure, will continue to lead the infrastructure business as managing partner of Investcorp Corsair. The team remains based in New York, with additional offices in London, Madrid, and Sydney.
Investcorp Corsair Infrastructure Partners focuses primarily on core plus and value-added opportunities in the transportation, logistics, and related infrastructure subsectors. The firm invests in three core platform companies that operate in the airport, road, and port sectors.
Corsair was the primary financial supporter of New York’s Terminal 6 at John F. Kennedy International Airport and Terminal B at LaGuardia Airport.