JULY 2013
Transactions
109
CARLYLE GRoUP In PARtnERSHIP WItH AL-nABIL Food IndUStRIES
Global alternative asset manager the Carlyle Group (nASdAQ: CG) has established a partnership through which it will hold a significant minority equity stake in Al-nabil Food Industries Co. Ltd. (nabil). the founding Rassam family will continue to hold a majority stake. the transaction closed on May 13, 2013.
Equity for this investment will come from Carlyle MENA Partners, L.P., a $500 million growth capital and buyout fund focused on the Middle East, North Africa and Turkey. This transaction is part of Carlyle MENA’s ongoing strategy of investing in fast-growing consumer-centric industries in partnership with family groups.
Nabil Founder and CEO Nabil Rassam said: “We at Nabil are very pleased to welcome Carlyle MENA on-board as a partner in our business. Over the years, thanks to the dedication and hard work of our management and employees, we have grown into one of the region’s most recognized and trusted names in the food industry. By joining forces with Carlyle MENA, we hope to further expand Nabil’s presence in the Middle East and Africa in a focused and strategic manner. We are confident that, through this partnership, we will be able to provide the high quality selection of Nabil products to a broader range of customers.”
Firas Nasir, Managing Director and Co-head of Carlyle MENA, said: “Nabil is a household name in Jordan. Its comprehensive offering of high-quality products represents an excellent platform for regional growth.”
Mr. Nasir further added: “This first investment in Jordan is in line with our commitment to the MENA region, its industries and economy. We remain dedicated to our strategy of becoming value-adding partners in family-owned businesses.” LM
PAnoRAMIC GRoWtH EQUItY InVEStS £1.8M In AndAntE tRAVELS
Panoramic Growth Equity (“Panoramic”), the leading equity investor in fast growing, entrepreneurial companies, has invested £1.8 million in Andante travels, the UK market leader in archaeological travel. this is the fifth investment for Panoramic’s Enterprise Capital Fund I, which held its final close in September 2010 and was oversubscribed at £34 million.
This investment follows Panoramic’s recent exit from renewable energy distribution business, Solfex Energy Systems, which was sold to Travis Perkins Plc in January 2013 and generated an IRR of 62% for the fund in a period of 16 months from initial investment.
Panoramic’s investment will support management’s plans for organic and acquisitive growth. Funding will enable the business to develop the range of travel experiences and products that it offers, and in so doing expand its customer base; to increase its marketing levels; and to facilitate expansion into overseas markets. LM
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Al-Nabil Food Industries
Andante Travels
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