The Carlyle Group Invests in Global Health, Exits Stake in Medical Park (Asia, CEE and CIS)

Source: The Carlyle Group

Global alternative asset manager The Carlyle Group has made a minority investment in India-based hospital and healthcare provider Global Health. The transaction, which was structured through Carlyle Asia Partners III, included the acquisition of an equity stake held by global investment firm Avenue Capital Group. Financial details of the transaction were not disclosed. In a separate deal, The Carlyle Group has entered into a definitive agreement to sell its 40 percent stake in Turkey-based healthcare provider Medical Park to funds advised by Turkven Private Equity, a Turkey-focused private equity firm. Medical Park’s other shareholders, Sancak Group and Usta Group, have also agreed to partially sell their holdings, amounting to a majority sale. The Carlyle Group originally invested US$110 million in Medical Park in 2009 through its MENA Fund. The transaction is subject to regulatory approvals and other customary closing conditions.