Abraaj Capital Ltd., the Middle East’s biggest buyout firm, will buy more Turkish companies this year after it raised about $1 billion from selling the Turkish hospital chain Acibadem Saglik Hizmetleri & Ticaret AS.
The Dubai-based private equity firm, which has about $6.5 billion 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 yesterday.