Saudi-funded Eastgate Capital Invests in Fabeks Diş Ticaret Stake (CEE/CIS)

Source: Invest IQ

Eastgate Capital Group, the private equity fund management arm of Saudi Arabia’s NCB Capital, has invested in Fabeks Diş Ticaret A.Ş. (Silk & Cashmere), a Turkey-based retail apparel company, through its MENA Direct Equity Fund for a 49.8 percent equity stake. The capital will be used to facilitate the company’s expansion in Turkey and select international markets. The transaction, the financial details of which were not disclosed, represents Eastgate Capital’s first investment in Turkey.