Turkish Ice-Cream Chain Mado Said to Seek Private Equity Partner

The owners of Turkey’s biggest ice-cream seller are planning to sell half of the company to a private equity investor in a bid to expand operations in the country and abroad, a person familiar with the matter said.

The owners, a trio of brothers from the Kambur family, are in advanced talks with three buyout firms about a bid, the person said, asking not to be identified because the negotiations are confidential.