Abraaj Capital, the Middle East’s biggest buyout firm, will buy more Turkish companies this year after it raised about $1bn from selling the Turkish hospital chain Acibadem Saglik Hizmetleri & Ticaret.
The Dubai-based private equity firm, which has about $6.5bn of assets under management, is currently in “significant negotiations with three or four companies” in Turkey, Selcuk Yorgancioglu, Abraaj’s country chief for Turkey, said in an interview in Istanbul.
Abraaj especially likes the food-making industry and the companies the firm is negotiating to buy aren’t publicly traded, Yorgancioglu said, declining to give further details.
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