The Carlyle Group Partners with Nabil Foods (MENA)

Source: The Carlyle Group

Global alternative asset manager The Carlyle Group has acquired a minority stake in Jordanian frozen foods manufacturer Al-Nabil Food Industries (Nabil). The investment was structured through Carlyle MENA Partners, a US$500 million fund focused on the Middle East, North Africa and Turkey. The Rassam family, which owns Nabil, will continue to hold a majority stake in the company following the investment. Financial details of the transaction were not disclosed.