Announced
Completed
Financials
Sources
Tags
Minority
food franchise
Private
Acquisition
Turkey
Cross Border
Friendly
Completed
Restaurants and Bars
Single Bidder
Private Equity
Synopsis
Venture Capital Bank, an Islamic investment bank, and Al Sraiya Holding, which provides a diversified range of individual companies integrating services, completed the acquisition of a 40% stake in MADO, a Turkish deserts-and-food franchise, for $150m. “The deal with Mado is VCBank’s third major investment in Turkey, and allows access to a market that we will continue to focus on due to its solid fundamentals and strong economic prospects," Abdullatif Janahi, VCBank CEO.
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