Investcorp Holdings B.S.C. acquired an unknown majority stake in Loewy Enterprises on October 4, 2022. In addition, the Loewy Enterprises announced that Paul Carone, Founder of Loewy Enterprises, is retiring. Brown Gibbons Lang & Company LLC acted as fianncial advisor to Loewy Enterprises.

Investcorp Holdings B.S.C. completed the acquisition of an unknown majority stake in Loewy Enterprises on October 4, 2022.