Tuesday, January 3, 2012

Carlyle's Turkey Time

The Carlyle Group, a private equity underwriter (PEU) with $148 billion under management, made its third investment in Turkey.  FT reported:

Carlyle Group has taken a 48 per cent stake in Bahcesehir Koleji, a Turkish education company.
Carlyle's first invested in Turkey in 2008 with a 50 percent stake in TVK Shipyard (TVK), a Turkish shipbuilder specializing in chemical tankers and other specialty vessels.  The second came in late 2009 when Carlyle acquired a 40 percent stake in Medical Park Sağlık Hizmetleri A. Ş., Turkey's second largest healthcare services company.

Carlyle hopes to solve America's ills in education, healthcare and infrastructure.  How much can a PEU cure when it only holds an affiliate two years before monetizing it?  That's the status of Medical Park, according to InvestIQ.

Update 4-1-12: Global private equity firm Carlyle and the Qatar Investment Authority (QIA) have partnered in a joint bid for a 40 per cent stake in TAV Havalimanlari Holding, a Turkish airport operator