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The Carlyle Group acquires a 48% stake in Bahcesehir Koleji, a private education provider in Turkey
http://www.carlyle.com/Media%20Room/News%20Archive/2012/item12147.html>>>>
Global alternative asset manager The Carlyle Group (“Carlyle”) announced today that it has acquired a 48% stake in Bahcesehir Koleji (“Bahcesehir” or the “Company”), a private education provider in Turkey. The existing shareholders, the Yucel and Karatas groups, will remain as significant investors in Bahcesehir. Financial terms of the transaction, which closed on Tuesday 27th December, 2011 were not disclosed.
Established in 1994, Bahcesehir Koleji, part of Bahcesehir Education Group, has risen to become one of the largest providers in the nursery, primary and secondary school segments of Turkey’s emerging private education sector. In August 2011, Bahcesehir operated 20 primary schools and 11 secondary schools, serving approximately 12,000 students.
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