Carlyle Group acquires stake in Turkish school chain

Zaman - Turkish private school chain Bahcesehir has sold 48 percent of its shares to the US-based private equity firm Carlyle, according to a statement issued by Bahcesehir Kolejleri CEO, Enver Yucel. “The negotiations with the Carlyle Group ended with a deal,” said Yucel, without disclosing any financial details.

“The demand for private education in Turkey is on the rise,” said Carlyle MENA head Walid Musallam about the deal, citing Turkey’s growing population and increasing income levels as the main drivers of this rise.

Bahcesehir Kolejleri, established in 1994, operates nursery, primary, and secondary schools, and currently has about 12,000 students.
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