VOL. XLI
No. 46
16-November-1998
BAHRAIN
Investcorp Announces Sale Of Simmons
The Bahraini-based global investment group Investcorp on 31 Octoberannounced the sale of Simmons Company, the leading US manufacturer of premium brandedbedding products, to Fenway Partners, a US investment fund, for approximately $500mn.Investcorp acquired Simmons and placed the investment with clients in March 1996 in atransaction valued at some $300mn, of which about 30% was equity and the balance financedby a bank...
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