The Middle Eastern investments of US private equity firm Carlyle have benefited from a rise in government spending since the Arab Spring uprisings, a top official said, adding the company would also start looking at deals in North Africa.
Global alternative asset manager The Carlyle Group has entered into a deal to sell its 30 per cent stake in Saudi Arabia-based General Lighting Company (GLC) to Royal Philips.
Shareholders Alliance Holding and
General Lighting Company, a Saudi Arabian company part-owned by Carlyle Group, plans to sell its shares on the Saudi stock market, paving the way for the private equity firm to exit its stake, two sources said.
General Lighting is
US private equity firm Carlyle Group is likely to complete the sale of its shares in Turkish hospital group Medical Park in the first half of 2013, said the hospital group's chairman.
Medical Park's other main shareholder,
General Lighting Company (GLC), a Saudi Arabian company part-owned by private equity firm Carlyle Group, has acquired Malaysia's largest lighting fixture manufacturer, Davex, in a deal worth about $60 million, GLC said.
GLC, a lea
Private equity firm Carlyle is to take a minority stake in Penti, as Turkey's largest maker and retailer of lingerie and swim wear looks to expand internationally.
The size of the stake and the value of the investment were not
The Carlyle Group, a global alternative asset manager, and DuPont have signed an agreement whereby Carlyle will purchase DuPont Performance Coatings (DPC) for $4.9 billion in cash.
The transaction is expected to close in the first
A Kuwaiti investment firm is alleging that private equity giant Carlyle Group sold it a fixed income fund in 2006 without necessary licence, and is seeking approval for its lawsuit against the US firm to be heard in Kuwait rather than
Mubadala, the Abu Dhabi government's investment vehicle, on Thursday reported an overall loss for 2011 of $1.14 billion as volatile global markets led to a sharp drop in the value of its financial investments and real estate portfolio. &n
Qatar Investment Authority (QIA) has joined hands with US private equity firm Carlyle Group to bid for a near 40 per cent stake in Turkish airport operator TAV Havalimanlari Holding, said three sources close to the deal.