Investcorp Sells Remaining Shares In TLG
Bahrain-based Investcorp announced on 3 December that it had sold its remaining 19.1% share of TLG, the holding company of Thorn Lighting Group. The sale was made by Lighting Limited Partnership, a joint company managed by Investcorp.
Investcorp bought Thorn Lighting from Thorn EMI of the UK in June 1993 for 172mn, including acquisition costs. In October 1994, Investcorp floated Thorn Lighting on the...