European fund buys into Turkish firm
Güncelleme Tarihi:
Hurriyet Daily News
Oluşturulma Tarihi: Aralık 01, 2008 00:00
ISTANBUL - Bedminster Capital Management, a private equity firm focused on investment in southeastern Europe, has entered Turkey’s olive oil market by acquiring a 39 percent stake in Ana Gıda, a subsidiary of the Anadolu Group.
Ana Gıda signed a deal with Seef Foods, owned by the Southeast Europe Equity Fund II (B), which is managed by Bedminster Capital Management. After the capital increase, Seef Foods will own 39 percent of the shares.
"Seef Foods is an investment fund. They had a desire to invest in food here. They came and found us," said Tuncay Özilhan, chairman of Anadolu Group.
Ana Gıda, one of the leading food companies in Turkey, produces and markets olive oil and culinary vegetable oil through its Kırlangıç and Sezai Ömer Madra brands. As part of the growth strategy of Anadolu Group in the food sector, Ana Gıda has recently bought the Komili brand from Unilever Sanayi ve Ticaret Türk, as well.
"We are planning to grow in the Turkish edible oil market with the power we have gained through the combination of Komili and Kırlangıç brands," said Özilhan.
"Seef Foods is an investment fund. They had a desire to invest in food here. They came and found us," said Tuncay Özilhan, chairman of Anadolu Group.
Ana Gıda, one of the leading food companies in Turkey, produces and markets olive oil and culinary vegetable oil through its Kırlangıç and Sezai Ömer Madra brands. As part of the growth strategy of Anadolu Group in the food sector, Ana Gıda has recently bought the Komili brand from Unilever Sanayi ve Ticaret Türk, as well.
"We are planning to grow in the Turkish edible oil market with the power we have gained through the combination of Komili and Kırlangıç brands," said Özilhan.