Carlyle buys stake in shipbuilder.DUBAI: Global private equity firm The Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. has acquired a 50 per cent stake in TVK TVK Tiszai Vegyi Kombinat (Hungary) Shipyard (TVK), a Turkish shipbuilder specialising in chemical tankers and other speciality vessels. This is Carlyle's first investment in Turkey and it is designed to allow the group to take advantage of opportunities across the MENA MENA Middle East & North Africa MENA Middle East News Agency (Arabic Wikalat Al-Anbaa' Al-Sharq Al-'awsat) MENA Medium-Energy Neutral Atom MENA Mammalian Enabled MENA Mission Element Need Analysis region. "Partnering with Carlyle will enable TVK to expand capacity and enable the production of more sophisticated vessels at a faster rate than what we could have achieved alone," said TVK founder and chief executive officer Can Topsakal. "Through the addition of a second slipway slip·way n. A sloping surface leading down to the water, on which ships are built or repaired. slipway Noun already under construction, we anticipate doubling our production by the end of the year." "This growth capital investment in TVK is indicative of the opportunity we see in the MENA region. Carlyle has the capital, industry expertise and global network that can help companies grow and revitalise," said Carlyle managing director and head of the MENA team Walid Musallam. Copyright A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] 2008 Gulf Daily News
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