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Home > PE News > By PE Sector > Buy-out

Carlyle Group takes 40 per cent stake in Turkish hospital company Carlyle Group takes 40 per cent stake in Turkish hospital company

04 Nov 2009. Source: AltAssets
Carlyle Group has taken a 40 per cent stake in Turkish hospital developer Medical Park Hospital Group for $100m, according to reports.

The deal is expected to go through in the next few days, with hospital partners Ethem Sancak and Muharrem Usta retaining 60 per cent of the company. Medical Park owns a reported 11 hospitals and two hospital complexes across Turkey, and employs over 6,000 doctors and other employees.

Carlyle made its first investment in Turkey last year, when it acquired a 50 per cent stake in TVK Shipyard, a manufacturer of chemical tankers and other speciality vessels.

Carlyle is one of the world’s largest private equity firms with over $86bn under management in 64 funds spanning the buy-out, growth capital, real estate and leveraged finance sectors.

Copyright © 2009 AltAssets

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