ISTANBUL (Turkey), December 2 (SeeNews) – NBK Capital Alternative Investments Group, the asset management and investment arm of the National Bank of Kuwait, said it has acquired a 51% stake in Turkish digital signage company Sistem-9 Medya.
The investment was made through NBK Capital Equity Partners Fund II, a $310 million (250 million euro) private equity fund which focuses on acquiring minority and majority stakes in growing middle market companies in the Middle East and North Africa region, NBK Capital said in a statement on Monday.
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Sistem-9 Medya is a market leader in the fast growing digital signage (DS) industry in Turkey, NBK Capital said. The company provides end-to-end DS integration solutions and digital out-of-home advertising channels.
($ = 0.806 euro)