Abu Dhabi fund invested $75 million in Turkey's logistics firm
Abu Dhabi-based Invest AD has agreed to invest $75 million to take a significant minority stake in Ekol Lojistik A.Ş. (EKOL), one of Turkey's integrated logistics companies.
The transaction is the first by the Abu Dhabi government-owned financial services company for its new private equity fund - Invest AD Private Equity Partners II. It was structured in the form of a capital increase to assist EKOL fund its expansion plans. (To see more Abu Dhabi investors like Invest AD check our investors directory)
Their full press release follows:
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