Dünya – New York based private equity firm Investcorp signed an agreement to buy stakes from Turkish menswear manufacturer, Orka Group.
Investcorp will hold minority stakes of the Orka Group, known for its men’s fashion brands Tween, Damat and D'S Damat, said an announcement from the Orka Group without disclosing the financial details.
Investcorp’s investment will help Orka to enter new markets and grow in Turkey , the statement continued. Orka Group brands are marketed in over 40 countries worldwide. Investcorp has USD 12 billion of assets and has investments in luxury brands like Gucci, Tiffany & Co. and Saks Fifth Avenue.