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BUSINESS > Bancroft invests in local ceramic and granite firm

ISTANBUL- Hürriyet Daily News

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Graniser Granit Seramik, a leading ceramics and granite producer, has signed a partnership deal with London-based Bancroft Private Equity, mostly known for investments in the Middle East and Europe, according to a company press release.

The deal inked last week was brokered by Daruma Corporate Finance. Bancroft is set to own a controlling share in Graniser.

“Our target is to be one of the top three producers in Europe in five years with our new partner and well-experienced team,” said Erol Hacıoğlu, the general manager of Graniser.

January/06/2012

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