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FINANCIAL NEWS
US Carlyle Group acquires stake in Jordan’s Al-Nabil Food Industries
14 May 2013
(MENAFN) Washington DC-based Carlyle Group announced that it has bought a considerable minority stake in Jordan’s Al-Nabil Food Industries Co. (Nabil), reported Arabian Business.
The company said that the purchase in the producer of frozen and chilled foods is part of its strategy to raise investments in fast-growing consumer-oriented firms in the Middle East and North Africa (MENA) region.
Carlyle, which in the first quarter raised USD4.9 billion from fund investors, raised USD500 million in 2007 for its MENA fund that at the current time has 5 companies in its portfolio.
It is worth noting that Nabil Foods was established in 1945 by the Rassam family.
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