By Shane McGinley
US private equity firm is aiming to close two deals in Turkey and Saudi Arabia
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.
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.