Abraaj buys stake in yacht maker
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Abraaj buys stake in yacht maker

Abraaj buys stake in yacht maker

Dubai-based private equity firm Abraaj Capital has acquired a 50% stake in Turkish luxury-yacht manufacturer Numarine. Abraaj will partner with Numarine Chief Executive Officer Omer Malaz, who founded the company in 2002. The investment is Abraaj's second in Turkey and third in the marine business. Last year, it bought part of Acibadem, the only healthcare provider listed on the Istanbul exchange. Abraaj also owns stakes in Dubai-based luxury-yacht distributor ART Marine, and Gulf Marine Maintenance & Offshore Company, which primarily serves the Oil and Gas industry.

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