Bahrain’s Investcorp acquires majority stake in US-based CrossCountry

Bahrain’s Investcorp acquires majority stake in US-based CrossCountry

Bahrain-based leading global alternative investment firm, Investcorp has acquired a majority stake in CrossCountry Consulting, a leading independent provider of specialized financial and accounting advisory services in the United States.

Founded in 2011, CrossCountry provides customized finance, accounting, human capital management, risk, operations, and technology consulting services to various businesses.

The Company has over 700 professionals and currently represents clients in the private equity, financial services, life sciences, real estate, and hospitality sectors, among others.

According to the company, “Public Sector Pension Investments (PSP Investments) and RLH Equity Partners will continue as an investor. CrossCountry founders, Mr. Dave Kay and Mr. Erik Linn, continue to be significant shareholders.”

The transaction represents Investcorp’s 5th investment in professional services firms and it is expected to accelerate CrossCountry’s growth as it expands both its geographic presence and service offerings. The terms of the acquisition were not disclosed, as per the statement.

Tarek AlMahjoub

Head – Private Wealth

UAE & Oman “Demand for the kind of technology-driven, bespoke advisory services that CrossCountry provides is set to grow rapidly, and CrossCountry is one of the most respected names in the field, with a hard-earned reputation for exceptional client service. Our partnership will support the firm to optimize operations, expand service offerings, minimize