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Investcorp buys SPGPrints for €240m

Bahrain-based investment management firm, Investcorp has concluded an agreement to acquire SPGPrints Group from funds managed by Bencis Capital Partners for €240m ($327m), Gulf Daily News has reported. Founded in 1947, SPGPrints is the leading global provider of integrated solutions for rotary screen and digital printing for textiles and graphic applications, Investcorp said. Closing of the transaction is expected, following clearance from relevant competition authorities, the firm added.