The Carlyle Group to sell its shares in Medical Park Group

The second-largest healthcare group in Turkey
has doubled turnover in last four years

Istanbul and London - Global alternative asset manager The Carlyle Group (NASDAQ:CG) today announced it has entered into a definitive agreement to sell its 40 percent stake in Medical Park, a Turkish healthcare provider, to funds advised by Turkven. The other shareholders, Sancak Group and Usta Group, have also agreed to partially sell their holdings alongside The Carlyle Group, amounting to a majority sale.  The transaction is subject to regulatory approvals and other customary closing conditions.

Since making the investment in 2009 from its MENA Fund, The Carlyle Group has worked with the management and other investment partners to double the turnover and increase the number of hospitals from 13 to 18, with approximately 11,000 employees in Turkey.

Commenting on the sale, Can Deldağ, Co-Head of Carlyle Middle East & North Africa (MENA), said, “Our four-year partnership with Medical Park has been a great success for our investors and healthcare consumers. In this period Medical Park doubled its turnover and increased market share. We have enjoyed working with the talented management team, and wish them continued success with their new partners.”

“Medical Park is one of a number of investments Carlyle has made in Turkey since 2007, and we remain committed to both the country and the region.”

Speaking on the sale, Muharrem Usta, Chairman of the Board of Medical Park Group, said, “This partnership represents a new era for Medical Park Group, which, through its investments, has become a leader in the Turkish healthcare sector. Medical Park Group has contributed greatly to the spread of high standards of clinical care, while increasing access to quality healthcare in Turkey. We thank The Carlyle Group for its contributions to this success story and hope to become a global healthcare brand in the coming years together with our new partners.”

Carlyle, Sancak and Usta Group were advised by Goldman Sachs and Credit Suisse.

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Carlyle MENA Partners
Carlyle MENA team was established in 2007 to make 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 healthy and growing companies and leverages Carlyle's expertise in various sectors including but not limited to energy, financial services, consumer & retail, healthcare, manufacturing, telecommunication and transportation.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $185 billion of assets under management across 122 funds and 81 fund of funds vehicles as of September 30, 2013. 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, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,450 people in 34 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/481

For More Information

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

The Carlyle Group
Rory Macmillan, External Affairs Director
+44 (0) 207 894 1630;
roderick.macmillan@carlyle.com

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

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