Carlyle Aquires Akari

London, UK - The Carlyle Group has today announced it has reached an agreement to buy a majority shareholding of Akari Care, a healthcare and residential care group based in the UK. In 2012, the Akari Care ownership and operation changed from Bondcare. Over the past four years the Akari Care homes have been managed by Healthcare Management Solutions (HCMS), who have maintained the business on an ongoing management service basis.

Equity for the transaction will come from Carlyle Strategic Partners IV, a Special Situations & Corporate Opportunities fund.  The investment in Akari Care will provide a longer-term security and certainty for the future of residents, commissioners, colleagues and other stakeholders.

The transaction is expected to close in Q3 and no further terms were disclosed.

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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 127 funds and 164 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 35 offices across six continents.

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