Abraaj Group invests in Turkey

 14-Aug-15, Hurriyet Daily News

The Abraaj Group, a leading investor group operating in global growth markets, has announced it acquired a stake in Yü-Ce Medical, a disposable medical supplies manufacturer in Turkey, in a written statement on Aug. 10.

Image: Abraaj Capital

This marks Abraaj’s second investment through its Anatolia Growth Capital Fund and the first ever private equity investment completed in the southeastern province of Şanlıurfa.

The investment is partly financed by the European Union and the Republic of Turkey, said the statement.

Yü-Ce Medical carries out its manufacturing operations in two company-owned factories and has an established sales platform across Turkey, including a diversified customer base of more than 230 state, university and private hospitals and over 190 medical distributors, according to the statement.

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