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Investcorp Buys Sur La Table

GDA Staff -- Gifts and Dec, 9/20/2011 10:21:00 AM

Seattle, WA - Upscale housewares chain Sur La Table, was acquired by Investcorp, a Bahrain-based investment group. Terms of the transaction were not disclosed.

Investcorp acquired the 86-store retailer from the Behnke family and investment firm Freeman Spogli & Co., who both will remain investors. The Behnke family purchased the first Sur La Table store in 1995 and started the retailer's expansion.

Kevin Nickelberry, a managing director at Investcorp, said the company "has multiple opportunities for growth including new store expansion and e-commerce."

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