A local private equity fund management company, Emerging Investment Partners (EIP), has acquired the Dubai-based Diamond Meat Processing (DMP), owner of Almasa brand, in partnership with the Jordanian publicly listed firm, Siniora Food Industries. The full equity deal was closed at $17 million.
The seller of DMP is Emirati firm Al Ghurair Group.
EIP's share of the deal is 30 percent. CSC Bank financed close to one third of EIP's share. The terms of the deal are seven years at mark...
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