Monday, 24 November 2014
Last updated 5 hours ago
Mar 11 2009 | 12:45pm ET
Global private equity firm The Carlyle Group has completed fundraising on its first Middle East and North Africa fund, with equity commitments of $500 million.
Carlyle MENA Partners will invest primarily in healthy, growing companies in various sectors, including energy, financial services, healthcare, industrial, infrastructure, technology and transportation in the MENA region. To date, it has made one investment in July 2008, acquiring a 50% stake in a Turkish shipbuilder specializing in the construction of chemical tankers and other specialty vessels.
“The current market environment represents an opportunity for experienced investors to deploy capital at significantly more favorable valuations than existed last year,” said Walid Musallam, Carlyle managing director and head of the MENA team. “We believe we are well placed to capitalize on opportunities that offer considerable returns for our investors while minimizing downside risk.”
Nov 4 2014 | 9:45am ET
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