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Investcorp Acquires Totes The Investcorp Newsletter Investcorp acquires Totes Plus: Investors Conference - Berlin 2014 Distinguished speakers and guests attend Corporate Investments Investcorp acquire Totes and Namet Real Estate New Portfolio in Dallas and South Florida Abu Dhabi office opening New Investcorp office opens in Abu Dhabi Guest Feature Eurozone recovery by Lord Mark Malloch-Brown The Review | May 2014 2 Welcome uring the course of 2014, we are ingredient for success, it is the ability to seeing improved confidence from listen to our clients, and to understand Dour clients, our investors and our what they want and how to deliver it. investee companies. In conversations To that end, we continue to deliver on across the region, from Turkey to Saudi our promise to get even closer to our Arabia and everywhere in between, clients. We have invested in our people are telling us that a broadly relationship teams to ensure that improving macro environment, the return whenever we are needed we can be there. of growth and a clear turnaround in We are delighted with the results as our consumer, corporate and investor clients regularly tell us that they are confidence have contributed to a shift seeing the benefit of being able to spend towards risk-on mode once more. more time with us, more often, at a time As we enter our fourth decade as a firm, that is convenient to them. we are honoured to have been trusted We aim to continue strengthening our with the responsibility of preserving and Gulf relationships and network, growing our clients’ wealth throughout generation to generation, and with the the cycle. The relationships we have built objective of delivering strong optimal over the years are, at its core, based on returns to our clients. This is in our DNA trust and consistent delivery - whether we and what excites us most. are talking about an individual, a family office, a business or a Government entity. Mohammed Al-Shroogi If there is one thing that stands out as an President, Gulf Business Contents Guest Feature New Abu Dhabi office Page 9 Page 12-13 Eurozone Recovery, New office opens in the prestigious by Lord Mark Malloch-Brown. Sowwah Square. Corporate Investments Pages 4-8 A leading international wet and cold weather brand and a Turkish meat producer are Investors conference Bankers receptions among our latest acquisitions. Page 10-11 Page 14 Real Estate Page 8 Berlin Investors conference Investcorp hosts Bankers receptions Acquisitions in Dallas, featuring distinguished in Abu Dhabi and Riyadh. and South Florida. speakers and guests. UN visit and New Joiners Page 15 Investcorp welcomes Franklyn Chang and David Walsh. The Review | May 2014 3 Letter from Nemir A. Kirdar Growth of our global franchise elcome, once again, to The Review. I would like Wto start with a recap on an exceptionally busy period for our firm as we continue our growth as a successful global franchise. On this theme, we recently hosted our International Investors’ Conference in Berlin for investors and select guests. These included senior political, government, business and media leaders with a key address from His Excellency Amre Moussa, the former Secretary- General of the Arab League. Also present were members of our European Advisory Board including His Excellency Kofi Annan, former Secretary-General of the United Nations; Dr Ana Palacio, the former In terms of our financial performance, was able to perform the opening Foreign Affairs Minister of Spain; and the business excelled in the first half ceremony. His Highness’ involvement His Excellency Wolfgang Schüssel, the of the 2014 financial year with a underlines our close relationship with the former Chancellor of Austria. During 53% increase in net income. This Emirate of Abu Dhabi over many years the conference, our European Advisory was driven by successful fundraising, and our strong commitment to our loyal Board members shared their views on exits and deal activity in Europe, investors across the UAE and the wider the critical issues affecting European the US and the MENA region with Gulf. Continuing investment in our Gulf and global economies. Later, at our investments in companies that included expansion strategy will consolidate our gala dinner, we were honoured with Leejam Sports Company and Al Yusr reputation for excellent client service. the presence of Bundesminister Sigmar Industrial Contracting Company in Gabriel, MdB, Vice Chancellor of To conclude, I would like to thank Saudi Arabia. To date, Investcorp and Germany and Federal Minister of the the entire Investcorp family for their Investors received over US$ 1 billion in Economy and Energy Affairs. contribution, recognising that we owe our proceeds from investment realizations success to their talent, their expertise and Our management team addressed this and distributions. The second half of their on-going commitment to making distinguished audience with a series of the financial year began well with an our business a true industry leader. insightful presentations which showcased investment in Turkey and the sale of We believe we are uniquely positioned the strength of our firm as a ‘smooth- TDX Group for approximately US$ 327 for steady and sustained growth in the running’, worldwide business and one of million. years ahead. which we can all be very proud. Building on this success and as part of Thank you all. The success of this conference and the our on-going Gulf expansion strategy to positive press coverage it generated be even closer to our clients, we formally highlighted once again our commitment opened our new representative office to acting not only as a bridge between in Abu Dhabi in April 2014. This is the Gulf and investment opportunities located in the heart of the world’s newest in the West, but also as a facilitator for financial centre and we were honoured wider business and economic discussions that His Highness Sheikh Nahyan on matters affecting our investors and Bin Mubarak Al Nahyan, Minister of Nemir A. Kirdar shareholders. Culture, Youth and Social Development, Executive Chairman and CEO The Review | May 2014 4 Corporate Investment Acquisition of totes»Isotoner Corporation In April, Investcorp and Freeman Spogli & Co., announced an agreement to acquire totes»Isotoner Corporation, the world’s leading designer, marketer and distributor of functional accessories in the rain, cold weather and footwear categories. The Review | May 2014 5 Corporate Investments ounded in 1923 and headquartered in Cincinnati, Ohio, the totes Fand Isotoner brands are among the most recognizable and trusted rain and cold weather accessory brands in the U.S. and Europe. Within the multi- billion dollar functional accessories category, totes»Isotoner enjoys a market leadership position in all of its served markets. The Company has a broad and diverse distribution footprint, enabling it to partner with marquee retail customers to sell its products across a variety of channels. The Company has a significant international presence, selling its products throughout Europe with an emerging business in Asia. Mohammed Al-Shroogi, President for Gulf Business at Investcorp commented: “We are excited about acquiring a globally recognized brand which is a leader within a growing functional accessories market. We look forward to working closely with the totes’s management team as they seek to grow through further international expansion and the introduction of new, high-quality products.” The Review | May 2014 6 Corporate Investments Investcorp acquires Namet The Review | May 2014 7 Corporate Investments Investcorp and other related Investcorp entities acquired a significant minority stake in Namet Gida Sanayi ve Ticareti A.S. in January 2014. amet is the leading Turkish producer of fresh cut and Npackaged processed red meat products such as soujouk, pastrami, salami, sausages, smoked meats and frozen and ready to eat burgers. The Company sells its products to retailers as well as hotels, restaurants and catering companies. All of its products are certified Halal. Namet has invested extensively in the past few years to expand its production capacity and improve the quality of its products, including the investment in Meetings with Portfolio Companies in Turkey 2010 in a state of the art meat processing facility located in Istanbul, and the recent Investcorp hosted a dinner in Istanbul chairman and CEO Suleyman Orakcioglu acquisition of a second production facility on 28 April 2014 at the Ciragan Palace and board member Halidun Orakcioglu; located in Antalya. bringing together family owners in members of the Kayar family (Namet), Investcorp’s three portfolio companies in including Namet’s chairman and CEO Namet is Investcorp’s fourth investment Turkey. Tarik Kayar, Group President Haluk in Turkey to date and, post the acquisition Kayar and vice chairman Faruk Kayar Participants included members of of Tyrrells, represents its second global as well as Mohammed Al-Shroogi, Jim the Tirykioglu family (Tiryaki Agro), investment in the defensive yet high Tanner, Tristan de Boysson, Ceyhun Eren including Tiryaki’s board member growth branded food sector in the last and Murat Tasci from CI-MENA. 12 months. Mehmet Tiryakioglu, chairman Ahmed Tiryakioglu and CEO Suleyman The dinner was followed by meetings at Commenting on the acquisition, Tarik Tiryakioglu; members of the Orakcioglu the headquarters of the three companies Kayar, Chairman and CEO of Namet, family (Orka group) including Orka’s in Istanbul. said: “We have invested heavily in the Company in the past few years and became the #1 vertically integrated meat business in Turkey. We believe we are well positioned for steady expansion underpinned by solid market demand. This investment demonstrates confidence in the future prospects of our Company and our country and we look forward in partnering with Investcorp.” Mohammed Al-Shroogi, Investcorp’s President, Gulf Business, commented: “We are delighted to be partnering with another successful family business, which has a rich heritage in Turkey for providing quality food products.
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