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Investcorp signs deal to acquire Mercury Capital Advisors

Alternative investment manager Investcorp Bank signed a definitive deal to buy Mercury Capital Advisors Group LP, an institutional capital raising and investment advisory enterprise.

Mercury, which has 14 offices across the Americas, Europe, the Middle East and Asia, will continue to operate as an independent business under its current leadership team.

The deal, terms of which were not disclosed, is expected to close in the third quarter, subject to relevant external approvals.