The Financial Times quoted Hazem Ben-Gacem, Investcorp's European private equity head, who will co-chair Georg Jensen, as saying Investcorp planned to expand the Danish brand in Asia, especially China.
The deal, which is expected to close on Monday, will be cash-only and fully paid by Investcorp, said Firas El Amin, head of corporate communications.
"We have a working capital and capital expenditure facilities from Nordea Bank," he said, adding that ING Bank was advising Investcorp on the deal.
Georg Jensen, with sales of AED587 million ($160 million) in 2011, has 94 stores worldwide, including a presence in Australia, Japan and Hong Kong and Denmark.
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