DUBAI Jan 7 Bahrain-based Investcorp
said on Tuesday it had acquired a significant minority stake in
a Turkish producer of fresh cut and packaged processed red meat.
Namet Gida Sanayi ve Ticareti A.S., also known as Namet, is
Investcorp's latest acquisition in the Middle East and comes a
few months after it bought a 25 percent stake in Saudi Arabia's
sports and fitness business Leejam Sports Co. (ID:nL5N0HB04M)
Investcorp did not disclose the value of the deal in an
Namet, which sells its shariah-compliant products to
retailers as well as hotels, restaurants and catering companies,
was acquired in 2005 by members of the Kayar family, a family
involved in livestock trading since 1929. The family will retain
a majority interest in Namet.
Investcorp will seek to capitalize on the growth
opportunities for the company in Turkey and beyond, said Tristan
de Boysson, managing director, Investcorp Corporate
Investcorp, which had $11.5 billion in assets under
management at the end of 2012, is one of several investors who
have expressed a preliminary interest in buying a stake in
Italian fashion house Versace, according to sources.
(Reporting By Mirna Sleiman, Editing by William Maclean)