Posted by meb at May 26th, 2007

National Bank of Kuwait (NBK) Capital Equity Partners has acquired 100 percent of the shares of Yudum Food, the leading packaged edible oils company in Turkey, with annual revenues of $110 million, from Southeast Europe Equity Fund Ltd, managed by Bedminster Capital, according to a release issued by the company.Acquisition financing for the transaction was provided by Turkey’s largest privately run bank İş Bank. Yudum Food is one of the largest sunflower and corn oil producers in Turkey. “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.

source: Today’s Zaman