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Investcorp buys sports gear firm POC for $65m

MANAMA, October 8, 2015

Bahrain-based Investcorp said it has acquired sports equipment manufacturer POC for $65 million from its US-based parent Black Diamond, the alternative investment firm said on Thursday.

Sweden-based POC makes gear for skiing and cycling. The acquisition comes almost a year after Investcorp bought motorcycling protection gear maker Dainese.

"There are synergies between the two businesses that will be explored in the future," Investcorp said in a statement.

Investcorp's acquisitions this year include US school provider Nobel Learning, a portfolio of residential properties for around $300 million and a majority stake in a Turkish vehicle tracking system.

Black Diamond Equipment is a Utah-based manufacturer of equipment for climbing, skiing and mountain sports.-Reuters

Tags: Investcorp | POC |

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