Turkven buys Carlyle’s stake in Medical Park

The deal saw the company's other investors, Sancak Group and Usta Group, also partially sell their interests.

Previous funding
Carlyle initially invested in the hospital group in December 2009, picking up a 40% stake in an all-equity deal via its MENA fund. Since then, the company has grown from 13 hospitals to 18, and has doubled its turnover.

Company
Medical Park was established in 2005 through a partnership between two existing hospitals based in Istanbul. The group now operates 18 sites and employs 11,000 people in Turkey.

People
Can Deldağ is co-head of Carlyle Middle East & North Africa. Muharrem Usta is chairman of Medical Park.

Advisers
Vendor – Goldman Sachs (Corporate finance); Credit Suisse (Corporate finance).

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• Topics
• CEE
• Healthcare
• Exits
• Buyouts
• Turkey
• Carlyle Group
• Turkven Private Equity