NBK Capital Partners has sold its stake in Kiliç Deniz. Financial terms weren’t announced. Bodrum, Turkey-based Kiliç Deniz is an aquaculture company that specializes in sea water and fresh water fish production.
Dubai – October 2015:
NBK Capital Partners has successfully completed the sale of its equity investment in Kiliç Deniz.
Headquartered in Bodrum, Turkey, Kiliç Deniz is the largest aquaculture company in the Mediterranean region, specializing in sea water (sea bream, sea bass, and blue-fin tuna) and fresh water (trout) fish production. It is also the largest global player in the bream and bass category with vertically integrated operations that can effectively execute all phases of fish farming including incubation, harvesting, processing, and fish-feed production.
Yaser Moustafa, Senior Managing Director, NBK Capital Partners stated, “In a pioneering move, NBK Capital Partners was one of the first private equity firms to invest in the fast growing Mediterranean aquaculture space. Over the last 5 years, we worked closely with company management to build a truly global and fully integrated player with a strong balance sheet and industry leading profit margins.”
This is the sixth realization out of eight investments for NBK Capital Equity Partners Fund I, NBK Capital Partners’ inaugural private equity fund, and is another milestone that underlines the firm’s robust business model of private equity investments across the MENA region.
About NBK Capital Partners
NBK Capital Partners is a leading regional alternative investments manager with over USD 750 million in assets under management. Through its private equity funds, NBK Capital Partners focuses on acquiring controlling stakes in growing middle market companies in the MENA region and Turkey. The firm specializes in an active investment approach to create long-term sustainable value through strategic, operational, financial, and corporate governance enhancements.