The Abraaj Group Invests in BRN Sleep Products with EBRD (CEE and CIS, MENA)

Source: The Abraaj Group, Reuters | Author(s): David French, Nadia Saleem

Global growth markets investor The Abraaj Group has acquired a stake in BRN Yatak Baza Ev Tekstili İnşaat Sanayi Ticaret (BRN Sleep Products), a Turkey-based mattress and sleep products manufacturer, in partnership with development finance institution EBRD. Financial details of the transaction, which was structured through Abraaj’s Anatolia Growth Capital Fund, were not disclosed. BRN Sleep Products is planning to increase the production capacity of its manufacturing facility, enhance its export footprint and open new retail stores. Separately, Abraaj and global private investment firm TPG Capital have signed an agreement to purchase a majority stake in Saudi Arabia-based fast food chain Kudu. Financial details of the transaction, which is pending regulatory approval, were not disclosed.