Deals
Abu Dhabi’s ADQ to Buy Jordanian Firm From Founders, Carlyle
- Investment bank Moelis advising Carlyle, Al-Nabil on the sale
- Private equity firm Carlyle bought stake in Al-Nabil in 2013
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Abu Dhabi’s ADQ is close to buying a Jordanian frozen food processor from its founders and the Carlyle Group LP, according to people with knowledge of the matter.
The company, formerly known as Abu Dhabi Development Holding Co., is set acquire most of Al-Nabil Food Industries Co. from the Al-Nabil family and Carlyle, the people said, asking not to be identified as the information is private. Moelis & Co. is advising Al-Nabil and Carlyle on the sale, they said.