NBK Capital divests Turkey-based Kiliç Deniz

The exit route for Kiliç Deniz remains unclear at this stage. NBK could not be reached for comment at the time of publication.

NBK orginally acquired a 20% stake in the business in 2010. The investment was made through NBK Capital Equity Partners Fund I, representing the GP's fifth deal in Turkey at the time. This is the fund's sixth realisation, with two portfolio companies remaining.

At the time of the original investment, Kiliç Deniz was generating $140m in revenues. Financial details at the time of the exit where not disclosed.

Company
Headquartered in Bodrum, Turkey, Kiliç Deniz is an aquaculture company operating in the Mediterranean region and focusing on sea-water and fresh-water fish production. The company is active in all aspects of fish farming, including incubation, harvesting, processing and fish-feed production.

People
Yaser Moustafa worked on the deal for NBK.

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