Bloomberg News

NBK Capital Said to Hire UBS to Sell Stake in Kilic Deniz

December 05, 2012

NBK Capital, the private-equity arm of the National Bank of Kuwait, hired UBS AG (UBSN) to sell its 20 percent stake in Kilic Deniz Urunleri AS, a Turkish producer and supplier of fish products, two people familiar with the matter said.

NBK Capital, which bought the stake through its $250 million NBK Capital Equity Partners I fund in 2010 after providing mezzanine funds to the company, is now seeking to sell the stake, said the people, who asked for anonymity as the process is private.

An official at UBS declined to comment. Salah Al Fulaij, NBK Capital’s chief executive, did not reply to e-mailed questions about the sale. Zulfu Murat Bakirci, chief executive of Kilic Deniz, did not respond to phone calls seeking comment.

NBK Capital bought a minority stake at Dunyagoz Hastaneleri, a Turkish eye hospital operator, in 2010. Other investments in Turkey include providing mezzanine financing to Dem Ilac, a pharmaceutical company, according to its website.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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