Financial and Banking News
Investcorp Acquires Thorn Lighting
Bahrain-based Investcorp announced on 21 June that it had acquired ThornLighting from Thorn EMI Plc, the UK's largest music group, for $240mn. The newcompany will be known as Thorn Lighting Group and will continue to trade underthe Thorn brand name. Thorn Lighting's management team will be shareholders inthe Group, in partnership with Investcorp, while Thorn EMI will hold 12% of the...