Carlyle to focus on Turkey and Saudi Arabia - FT.com

Carlyle Group has installed a leadership pairing at its Middle East and north African arm as the private equity group reframes its investment strategy, focusing on the region’s main growth markets in Turkey and the Gulf.

Carlyle has promoted Can Deldag and Firas Nasir to co-heads of its regional franchise, in a move that is set to be unveiled on Monday, said people close to the US buy-out house.

The leadership change emphasises Carlyle’s focus on Turkey and Saudi Arabia, the two countries where it has struck all its deals since setting up a regional $500m fund in 2009.

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