October 13, 2009 / 1:38 PM / in 8 years

Carlyle eyes manufacturing, food, health deals in M.East

DUBAI, Oct 13 (Reuters) - Private equity firm The Carlyle Group expects to seal deals in manufacturing, food and beverage, health care and building materials in the Middle East and North Africa through its $500 million fund, its top official says.

“Most of our money is intact, we expect to close a number of deals in the near future,” Walid Musallam, managing director at Carlyle, told Reuters in an interview, adding that he was more comfortable with valuation levels.

Carlyle established a regional presence in 2007 and has offices in Cairo, Dubai and Istanbul. (Reporting by Nicolas Parasie, editing by Natsuko Waki)

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