Carlyle Takes Bite out of Nabil

The Carlyle Group has purchased a minority stake in food manufacturer Al-Nabil Food Industries. The founding Rassam family will continue to hold a majority stake. Based in Jordan, Nabil makes frozen and chilled food products, including beef and chicken burgers, chicken strips and nuggets, cold cuts, ethnic foods, pre-cooked meals and sweets. Carlyle made its investment through the Carlyle MENA Partners fund, a $500 million vehicle focused on the Middle East, North Africa and Turkey.

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