Investcorp said the acquisition would help Totes Isotoner expand its geographic footprint and product range.
Bahrain-based alternative investment fund Investcorp said on Tuesday it had agreed to acquire US-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli Co.
No terms were disclosed for the purchase from MidOcean Partners and Bruckmann, Rosser, Sherrill Co.
Investcorp’s president for Gulf business, Mohammed al-Shroogi, said the investment would help Totes Isotoner expand both its geographical footprint and its product range.
Cincinnati, Ohio-based Totes Isotoner sells umbrellas, gloves, slippers and other weather-related accessories.
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