Equity firm Carlyle makes first Saudi investment

CAIRO - March 30, 2010

In an statement e-mailed Tuesday, Carlyle said the buy-in into the General Lighting company closed March 29. It did not provide financial terms.

Carlyle's co-founder and managing director David Rubenstein visited Saudi Arabia in February for an economic conference.

The deal is the second to be finalized by the equity firm's Middle East-North Africa fund in three months. In December, Carlyle invested in Medical Park, Turkey's second largest health care group.

Carlyle says it manages assets of $88.6 billion around the world.

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