Dubai - Mubasher: Emirates Investment Bank (EIBank) on Thursday announced that it was advising on the sale of a controlling stake in Country Hill International (CHI), a meat import wholesaler and supplier, to the Gulf Japan Food Fund (GJFF).

Baker & McKenzie Habib Al Mulla was appointed as the legal adviser to CHI on the deal, the UAE-based private bank added.

“This transaction marks another achievement for our investment banking team in the F&B sector. We are currently involved in a number of transactions across the GCC, particularly in the healthcare, education and F&B sectors,” EIBank’s managing director Husam Kutaifan commented.  

GJFF is a private equity fund owned by a group of investors including Mizuho Bank and The Norinchukin Bank.