VOL. XXXVII

NO. 2

11-OCTOBER-1993

Financial and Banking News

FOREIGN INVESTMENT

Investcorp Takes Stake In Camelot Music

Investcorp announced on 4 October that it had reached an agreement on behalfof a group of investors to acquire Camelot Music, the third largest specialtymusic retailer in the US. The company is being purchased from its founder andowner, Mr. Paul David. The company had revenues of $421mn in fiscal year 1993.