NBK buys Dunya stake

Bank backs eye-care chain’s expansion.

A Kuwaiti investment bank has completed its fourth deal in Turkey after buying a shareholding in a hospital chain that specialises in eye care.

NBK Capital now owns 30% of Dunya Goz after agreeing a deal for an undisclosed value. The investment was completed through NBK Capital Equity Partners Fund, which focuses on opportunities across the MENA region and Turkey.

Dunya operates a network of hospitals, clinics and pre-treatment centres at 16 locations in Turkey and Europe, and recorded an income of US$70mn last year.

Eray Kapicioglu, Dunya’s chairman and chief executive, describes this as a “new chapter in our history” as the deal will enable the group to expand internationally.