NBK Capital announced today the successful sale of its equity stake in DunyaGoz, Turkey's largest ophthalmology hospital chain, to the founding shareholder. This is yet another realization for NBK Capital Equity Partners Fund I, the firm's regional private equity fund focusing on growth capital opportunities in the MENA region.
NBK Capital invested in DunyaGoz in 2010 and was instrumental in improving the financial discipline, strategic focus and corporate governance of the Company. These efforts allowed DunyaGoz to achieve long-term growth objectives expanding from six hospitals in four cities to eleven hospitals in eight cities. Additionally, the Company entered new international markets with successful operations in Germany, the United Kingdom and the Netherlands.
Amjad Ahmad, Head of Alternative Investments at NBK Capital commented, "We continue to drive substantial value in our portfolio companies and seek timely realizations to deliver returns to investors. Our strategy of investing in midmarket growth companies in the MENA region and actively driving key value initiatives continues to deliver positive results."
NBK Capital Equity Partners Fund I, managed by NBK Capital as part of its Alternative Investments Group, is a USD 250 million private equity fund that specializes in acquiring strategic stakes in midmarket growth companies in the MENA region. NBK Capital implements an active investment approach to create long-term sustainable value through strategic, operating, financial and corporate governance enhancements.
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About NBK Capital
NBK Capital was established in July 2005 as a subsidiary of the National Bank of Kuwait (NBK),one of the region's oldest and highest rated banks. NBK Capital focuses on four principal lines of business: Alternative Investments, Asset Management, Brokerage & Research and Investment Banking. With offices in Kuwait, Dubai, Istanbul and Cairo, NBK Capital's team of more than 170 professionals offer superior products and services to clients and investors.
CONTACT
Seema Hussain
Vice President
Corporate Communications
T. +965 22595335
E. seema.hussain@nbkcapital.com
© Press Release 2013
