Clifford Chance has advised The Carlyle Group on its purchase of a minority stake in Jordanian frozen and chilled food products company Al-Nabil Food Industries, which marks Carlyle’s first investment in that country.

The Rassam family, which founded Nabil Foods in 1945, will continue to hold a majority stake in the Jordanian company and retain its existing management and workforce.

Carlyle, the world’s second-largest manager of alternative assets, recently set up Carlyle MENA Partners, a $500 million growth capital and buyout fund focused on the Middle East, North Africa and Turkey.

Ali Sharif Zu'bi Advocates & Legal Consultants advised Carlyle on the Jordanian law aspects of the transaction, while K&L Gates advised the Rassam family. The Clifford Chance team was led by Dubai-based corporate partner Nigel Wellings.

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