Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Medical Park Hospital Group

Carlyle Group Closes Medical Park Deal

Posted Wed, 16/12/2009 - 23:13

Following a preliminary agreement reached in November, the Carlyle Group has announced the completion of their transaction to acquire a 40% stake in Medical Park HG. Medical Park partners Ethem Sancak and Muharrem Usta retain the remaining 60% of the company.

Turkey's Medical Park HG Sells Minority Stake to Carlyle Group

Posted Thu, 12/11/2009 - 13:47

Ethem Sancak and Muharrem Usta, partners in Turkish medical company Medical Park Hospital Group (MPHG), have signed a preliminary agreement to sell a minority stake to the Carlyle Group, an American private equity firm. The deal gives Carlyle a 40% stake of MPHG for a price of $100 million; Sancak and Usta will retain the remaining 60%. The sale, which is expected to be completed in the near future, follows Carlyle's first Turkish investment made last year in TVK Shipyard.