Dubai - Mubasher: The Abraaj Group is planning to invest around $30 million to $100 million in midsize companies in Turkey, a partner in the firm told Reuters in an interview on Thursday.
Omar Syed noted that opportunities in the health care sector are particularly interesting to his company, with Abraaj now in advanced stages of evaluating a potential deal.
"We may invest from $30 million up to $100 million per company in midsize companies to purchase minority or majority stakes.
"The opportunities in the health sector are currently attractive, and I can say it is also a sector we are chasing,” Reuters quoted Sayed.
The Abraaj Group recently announced that it has acquired, through its funds, a significant minority stake in Netlog Lojistik Hizmetleri, Turkey’s largest integrated logistics company.
Netlog has a strong presence in Europe and Asia, according to the company’s statement issued on Thursday.
Netlog was founded in 2003 by Sahap and Gokalp Cak, and as part of the transaction, the founders will maintain a majority stake and continue to manage the company, the statement revealed.
