Gen & Temizer Ozer has announced that it represented Namet Gida Sanayi ve Ticareti and its shareholders in the December 2013 sale of a significant minority stake to Investcorp. The deal value was not disclosed.
The Kayar family, which acquired Namet in 2005, retained a majority interest in the Turkish producer of fresh cut and packaged processed red meat products.
Tarik Kayar, Chairman and CEO of Namet, said: "We have invested heavily in the Company in the past few years and became the #1 vertically integrated meat business in Turkey. We believe we are well positioned for steady expansion underpinned by solid market demand. This investment demonstrates confidence in the future prospects of our Company and our country and we look forward in partnering with Investcorp.
Gen & Temizer Ozer Partners Emre Ozer and Baran Gen led the team representing Namet, with the assistance of Associate Dila Topuz. Ozer explained that, “the transaction was one of the stand-out private equity deals in Turkey in 2013. We are very pleased to have acted for Namet and its shareholders in its partnership with Investcorp to secure investment to build on its position as the number 1 vertically integrated red meat business in Turkey.”
Societe Generale provided investment bank advice to Namet and shareholders. DLA Piper's Turkish office (led by Partners Cuneyt Yuksel and Jonathan Clark) advised Investcorp.