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Carlyle Group eyes more MENA investments

Carlyle Group, the US private-equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, is eyeing up to two more deal in the Middle East and North African region, most likely in Turkey and Saudi Arabia, a leading executive said on Sunday.

“The situation in Europe is a scary one, that’s something to be cautious about. On the other hand, people are still bullish,” Can Deldag, co-head of Carlyle Middle East and North Africa, was quoted as saying by Dow Jones.

Deldag also confirmed Carlyle was aiming to close two deals in the region in the coming year, most likely in Turkey and Saudi Arabia. Oman and the UAE were still on its radar for investments, he added.

Carlyle Group last week acquired a minority stake in Istanbul-based Penti, a manufacturer and retailer of women’s hosiery, lingerie and swimwear in Turkey, which also has 11 outlets in Saudi Arabia.

Last month, Carlyle hit the headlines when it struck two multi-billion dollar deals, including stakes in photo agency US-based Getty Images and China’s largest private medical check-up services company.

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