Investcorp Philanthropy and Community Investment

Challenge

Investcorp is committed to helping our communities address the many urgent needs stemming from the COVID-19 pandemic. We believe as a strong, corporate citizen our responsibility goes beyond excellence in investing to support broader issues of social good across all aspects of our business and geographies.

Actions

We are working with our portfolio companies across the world to leverage our shared talent, expertise and resources to help those in need.

Outcomes

Investcorp contributed as follows:

  • Contributed US $1 million to the Royal Humanitarian Foundation to support its COVID-19 relief campaign in Bahrain
  • Donated 25,000 face masks and 65,000 medical gowns in Hong Kong
  • Sponsored +2,000 free meals for tenants and communities across our US residential properties

Portfolio companies contributed as follows:

  • ABAX has been supporting local municipalities leverage its telematics solutions to digitalize critical, societal infrastructure and enable contact tracing with the coronavirus.
  • Al Borg Laboratories has provided +20,000 COVID-19 tests in Saudi Arabia and the UAE.
  • AlixPartners has released a playbook to guide companies on how to adapt to COVID-19, and is supporting numerous pro-bono engagements to help companies retool manufacturing to produce critical medical supplies.
  • Avira has introduced free trial versions of its premium antivirus software suite “Prime” for consumers in regions most affected by COVID-19
  • Bewakoof has transformed its manufacturing to produce masks, sanitizers, personal protective equipment (PPE) kits, supplying +100,000 masks to-date and 6,000-7,000 masks daily.
  • Dainese launched a new campaign ‘Proteggiamo chi ci sta proteggendo’ (protect those who protect us) – to raise funds to provide the Italian Department of Civil Protection with medical equipment to protect doctors and healthcare professionals.
  • eviivo launched staysforheroes.com together with its customers to provide 15,000 hotel rooms across the UK for NHS staff and key workers
  • Fortune Fish has partnered with Chicago-based food pantry, Lakeview Pantry, to donate food and supplies to families impacted by COVID-19.
  • ICR has donated +7,000 masks to its local communities, including to medical workers at Norwalk and St. Vincent’s Hospitals in Connecticut as well as Emory Hospital in Atlanta.
  • Indis (Incor Group) has distributed essential and non-perishable food items, including:20,000 packets of bread, 1000 Kg of fruit and 50,000 water sachets.
  • Impero is offering a freemium version of the company’s “back:drop” solution to customers in the educational sector
  • InCred Finance has launched an InCred for Humanity campaign, organizing distribution of free meals and essential supplies to families impacted by the lockdown across India.
  • IntergrowBrands has been distributing meal kits to families across India, helped install hand washing stations in public places, and donated INR 10 million to the Chief Minister Relief Fund & +1,000 PPE kits to the Indian Medical Association.
  • Namet donated 14ventilators to 4 hospitals in Turkey.
  • NephroPlus has been working to ensure patients have access to the lifesaving procedure, providing free lodging for +2,000 workers, & supporting patients who can’t travel or afford the procedure.
  • Reem Hospital opened an 80-bed hospital in Abu Dhabi in 15 days in response to the COVID-19 pandemic.
  • Revature, the largest employer of entry-level technology talent in the US, has launched a program to provide +2,000 hours of free virtual coding courses to essential workers and their families.
  • softgarden has launched the Jobs2Live initiative (jobs2live.de), a free job portal for essential jobs across Germany
  • Theeb Rent A Car in Saudi Arabia is supporting the mobility of individuals with special needs by providing specialized retrofitted cars for free. Theeb Rent A Car also donated 100,000 Saudi Riyals to the “Health Endowment Fund to support its efforts to counter Covid-19
  • Tiryaki Agro donated 95 tons of edible seeds to various municipalities across Turkey.
  • Ubisense is using its real-time location system to help companies return-to-work safely with social distancing and contact tracing.
  • United Talent Agency is helping families stay safe and entertained at home by working with clients to produce free, livestreamed performances, concerts, interviews and more.
  • ZoloStays has donated +10,000 meals to the homeless and stranded migrant workers and is providing 8,000 meals per day to local authorities.
  • Ubisense is using its real-time location system to help companies return-to-work safely with social distancing and contact tracing
Contact

Jordana Semaan
[email protected]

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