The Carlyle Group completes sale of Medical Park

During Carlyle’s four-year ownership Medical Park’s market share doubled 

Istanbul, Turkey - Global alternative asset manager The Carlyle Group (NASDAQ:CG) has completed the sale of its stake in Medical Park, one of Turkey's largest private healthcare providers, to funds advised by Turkven along with other institutional investors.

The other shareholders of the Medical Park Group, Sancak Group and Muharrem Usta, also completed the sale of some of their holdings alongside The Carlyle Group, resulting in a majority sale. Further details of the transaction were not disclosed.

Can Deldağ, Co-Head of Carlyle Middle East, North Africa & Turkey (MENA), said, "Over the four years of our partnership with Medical Park, we doubled their market share and the business continues to perform robustly. We have enjoyed working with the management team at Medical Park and we wish them the best in their future endeavors with their new partners.”

Mr. Deldağ added, “Our two other investment in Turkey – Bahçeşehir Colleges and Penti – are doing well and we continue to look at new investments in Turkey.”

Since making the investment in Medical Park in 2009, Carlyle worked to help drive rapid growth and improved standards of healthcare across the business. Over this period, the Medical Park Group increased the number of its hospitals in Turkey from 13 to 18, while raising the number of its employees to approximately 11,000. Equity for this investment in Medical Park came from Carlyle MENA Partners, a $500 million growth capital and buyout fund.

The Carlyle Group, Sancak Group and Muharrem Usta were advised by Goldman Sachs and Credit Suisse. The legal advisors were Esin Attorney Partnership, Baker & McKenzie and Gibson, Dunn & Crutcher.

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Carlyle MENA Partners
The Carlyle MENA team was established in 2007 to realize investments in Turkey, North Africa, the Cooperation Council for the Arab States of the Gulf and the Northern Mediterranean regions. The Carlyle MENA team aims to invest primarily in robust and growing companies and leverages the expertise of The Carlyle Group in various sectors that include energy, financial services, retailing, healthcare, manufacturing, telecommunications and transportation.

About The Carlyle Group 
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $199 billion of assets under management across 120 funds and 133 fund of funds vehicles as of March 31, 2014. 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 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 1,600 people in 38 offices across six continents.

Web: www.carlyle.com 
Videos: www.youtube.com/onecarlyle 
Tweets: www.twitter.com/onecarlyle 
Podcasts: www.carlyle.com/about-carlyle/market-commentary

For More Information

Bersay Communications Group
Şule Cerit
+90 212 337 5249
sule.cerit@bersay.com.tr

Gizem Ülgür
+90 212 337 5260
gizem.ulgur@bersay.com.tr

The Carlyle Group
Catherine Armstrong, Media Relations Manager
+44 (0) 207 894 1632
catherine.armstrong@carlyle.com

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