The global private equity firm Carlyle Group just announced that it has acquired a 30% stake in General Lighting Company (GLC), Saudi Arabia's largest lighting fixtures manufacturer and supplier.
This investment is the Carlyle MENA fund's second in three months following the investment in Medical Park of Turkey and its first in the GCC. Equity for this investment will come from Carlyle Mena Partners, a growth capital and buyout fund that closed in March last year.
Carlyle MENA is listed in the Middle East Investors Directory with the code OR52.
More details from their release follows
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