The Kayar family will maintain control of the business they bought in 2005, which supplies products including pastrami, sausages and frozen and ready-to-eat burgers.
Investcorp managing director Tristan de Boysson said, “Namet is a leader in its field with a strong brand reputation.
“We have significant expertise of working closely with growing family businesses in the region and together we will seek to capitalize on the growth opportunities within their home market and beyond while planning the next stage of Namet’s development.”
Last September Investcorp bought a 25 per cent stake in Saudi fitness club manager Leejam Sports Company via its Gulf Opportunity Fund.
Investcorp said that it would be represented on Leejam’s board and “play an active role in its strategic choices and growth opportunities.”
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