NBK Capital Private Equity acquires leading Turkish edible oils company

NBK Capital Equity Partners has acquired 100 per cent of the shares of Yudum Food, the leading packaged edible oils company in Turkey with annual revenues of USD 110 million from Southeast Europe Equity Fund Ltd, managed by Bedminster Capital.

Kuwait: Thursday, May 24 - 2007 at 14:25
PRESS RELEASE

Samir Assaad, Senior Director, NBK Capital.

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The Company produces Yudum sunflower oil and Sirma maize oil, two of the top brands in their respective categories. In addition, the Company exports its high quality products to various European and Middle East countries as well as Far Eastern countries such as Japan, Australia, New Zealand, China and Korea.

'This transaction represents NBK Capital's strategy to acquire controlling stakes in leading companies with solid opportunities for expansion', said Samir Assaad, Senior Director, NBK Capital. NBK Capital believes that its active ownership approach and close partnership with the current management team will help to effectively launch new growth initiatives to build sustainable shareholder value.

Acquisition financing for the transaction was provided by Turkiye Is Bankasi.

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» National Bank of Kuwait (NBK) company profile

Notes and media contacts

About NBK Capital
NBK Capital is the investment and merchant banking subsidiary of National Bank of Kuwait. NBK Capital Equity Partners invests in companies in the GCC, Turkey, Egypt and the Levant. Through an active ownership approach, provision of expansion capital and partnership with strong management, the Fund aims to build strong and enduring companies. NBK Capital's team of 50 professionals, are strategically located in offices around the GCC and Middle East which include Kuwait, Dubai and Istanbul.

About Yudum Food
Yudum Food produces sunflower oil and maize oil products under the two leading brands in Turkey, Yudum and Sirma. The Company operates a manufacturing facility in Turkey producing the highest quality sunflower, maize oil and olive oil.

For further information please contact
Antoine Tayyar, Vice President Corporate Communications, NBK Capital:

Dubai - Tel: (971) 4365 2810 - Fax: (971) 4365 2805
Kuwait - Tel: (965) 224 6925 - Fax: (965) 224 6905

Posted by Anne-Birte Stensgaard, Senior News Editor
Thursday, May 24 - 2007 at 14:25 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This Article was updated on Saturday, May 26 - 2007

Index : Company News : National Bank of Kuwait (NBK)

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