The Carlyle Group has acquired a 48% stake in Bahcesehir Koleji, a Turkey-based private education provider for an undisclosed sum.
Equity for this investment will come from Carlyle MENA Partners, L.P., a $500m growth capital and buyout fund established in March 2009. The existing shareholders, the Yucel and Karatas groups, will remain as significant investors in the company.
Established in 1994 and led by Chairman Enver Yucel, Bahcesehir Koleji is a leading company operating in the nursery, primary and secondary school segments of Turkey’s emerging private education sector. It currently operates 20 primary schools and 11 secondary schools, serving approximately 12,000 students.
Bahcesehir Koleji is part of Bahcesehir Education Group which was founded in 1974 by Mr. Yucel. In addition to Bahcesehir Koleji, the Group also owns Bahcesehir University, a private university with approximately 13,000 students, and Ugur, a chain of test preparation centers.
FinSMEs
04/12/2012