UAE-based investment house Abraaj Capital has divested its 50 percent stake in Turkish healthcare services provider, Acibadem. The divested shares are being transferred to Khazanah Nasional, the investment wing of the Malaysian government, as well as Integrated Healthcare Holdings. Acibadem, formerly owned fully by the Aydinlar family, will take its holdings down to 25 percent, with the 75 percent stake in the hands of Khazanah and Integrated Healthcare.
Abraaj Capital (www.abraaj.com)
Abraaj Capital is based in the United Arab Emirates. Its main focal points of investment are fast-growing companies in Turkey, Asia, the Middle East and Africa. Almost USD 3 bln has been disbursed to its investors since its inception in 2002, and over USD 7 mln has been raised for investment so far. Target companies are from diverse fields such as aviation, education, energy and several others and, so far, 40 companies from 12 different nations have been invested in. The company currently holds an investment portfolio of around USD 6 bln in equity assets, and employs more than 150 people in its offices that span Asia, the Middle East and Africa.
06/02/2012
Central & Eastern Europe, Exit, Healthcare Service & Pharmaceuticals, Private Equity News, Turkey, United Arab Emirates