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Transactions Carlyle Sells

Medical Park Stake to Buyout Firm Turkven

Legal and tax adviser to Turkven

JULY 2014

The Carlyle Group to sell its shares in Medical Park Group

Global alternative asset manager The Carlyle Group (NASDAQ:CG) has announced it has entered into a definitive agreement to sell its 40 percent stake in Medical Park, a Turkish healthcare provider, to funds advised by Turkven. The other shareholders, Sancak Group and Usta Group, have also agreed to partially sell their holdings alongside The Carlyle Group, amounting to a majority sale. The transaction is subject to regulatory approvals and other customary closing conditions.

Since making the investment in 2009 from its MENA Fund, The Carlyle Group has worked with the management and other investment partners to double the turnover and increase the number of hospitals from 13 to 18, with approximately 11,000 employees in Turkey.

Legal & tax adviser to The Carlyle Group

Commenting on the sale, Can Delda‐, Co-Head of Carlyle Middle East & North Africa (MENA), said, “Our four-year partnership with Medical Park has been a great success for our investors and healthcare consumers. In this period Medical Park doubled its turnover and increased market share. We have enjoyed working with the talented management team, and wish them continued success with their new partners.”

“Medical Park is one of a number of investments Carlyle has made in Turkey since 2007, and we remain committed to both the country and the region.”

Financial adviser to The Carlyle Group

Speaking on the sale, Muharrem Usta, Chairman of the Board of Medical Park Group, said, “This partnership represents a new era for Medical Park Group, which, through its investments, has become a leader in the Turkish healthcare sector. Medical Park Group has contributed greatly to the spread of high standards of clinical care, while increasing access to quality healthcare in Turkey. We thank The Carlyle Group for its contributions to this success story and hope to become a global healthcare brand in the coming years together with our new partners.”

Carlyle, Sancak and Usta Group were advised by Goldman Sachs and Credit Suisse. LM

This announcement appears as a matter of record only

IC Holding and Astaldi Group completes financing of Third Bosphorus Bridge Project

Legal advisors to IC Holding and Astaldi Group:

IC Holding and Astaldi Group completes financing of Third Bosphorus Bridge Project

YükselKarkınKüçük Attorney Partnership and DLA Piper Turkey completed the financing for the landmark US$4 billion Third Bosphorus Bridge Project. We acted as the sponsors' (IC Holding and Astaldi) international and local law advisor in respect of the financing of the design construction, maintenance and repair of Third Bosphorus Bridge and Northern Marmara Motorway. That included English law governed finance documents, Turkish and English law governed security documents and an implementation contract direct agreement and debt assumption agreement entered into with the KGM administration and Treasury respectively.

This deal was led by head of Finance and Projects Department Muharrem Küçük, partner Tamsyn Mileham at the same department.

The Project is one of the most important BOT Projects which is financed by 6 leading Turkish banks. The Project is one of the few projects in the market covered under debt assumption of the Treasury.

The transaction completed on 21 May 2014, and demonstrates our ability to undertake world class transactions for our clients wherever we do business. LM

This announcement appears as a matter of record only www.lawyer-monthly.com

Third Bosphorus Bridge Project

The Carlyle Group