Muscat: Investcorp, a leading global provider and manager of alternative investment products, on Sunday announced an investment in ICR (the Company), a leading strategic communications and advisory firm. Investcorp is partnering with ICR, whose senior team will retain a significant ownership stake in the company. The new partnership will focus on accelerating the company’s organic growth, identifying complementary acquisitions and expanding the business globally.
Founded in 1998, ICR helps companies manage credibility and reputational risk to optimise shareholder value. Ranked as a top 5 independent communications firm in 2018 by O’Dwyer’s, ICR specialises in investor relations, public relations, crisis and special situations communications, digital/social media, and capital advisory solutions. The firm has 186 team members and works with more than 550 clients across its five offices in the US and China.
Harsh Shethia, managing director at Investcorp in Oman, said: “ICR is already a leading player in strategic communications and advisory solutions, and we believe this acquisition will add further depth to what the firm can offer in terms of services and expertise. We look forward to working with the management team to add real value and accelerate the growth of the firm.”
“For the past 20 years, we have successfully grown our business by creating true partnerships with our clients and advising them when the stakes are the highest. In today’s world, this is becoming even more important given the adverse consequences associated with poor stakeholder communications,” Tom Ryan, Co-Founder & CEO of ICR, said.
“That said, this environment has created new opportunities for ICR to expand its services and reach as well as elevate the standards of client engagement. We are thrilled to partner with Investcorp on these efforts, which in turn, will help us better serve our clients and the dynamic challenges they face each day,” he added.