A final agreement on the partnership will be signed next month, after the Competition Board approves the deal, according to Okan Altuğ, the general manager of Daruma Institutional Financing, which advised Universal.

“Our group has been attracting foreign investors for some time,” Azmi Ofluoğlu, the chairman of Universal Health Investments Holding, said in a statement. “ADM Capital has been among the great investors in Turkey and it knows the Turkish business world well.”

The agreement covers Universal’s hospitals in Turkey and Albania. “We aim to move from being a leader in the Turkish health care sector to being a regional, or even a global scale [company],” Ofluoğlu said. “We will leave daily and operational duties to professional managers, while using our experience together with ADM at the board level.”

“We are extremely pleased with our investments so far in Turkey,” said ADM Capital partner Anthony Stalker. “Our investment in Universal displays our long-term commitment to the group, to the health care sector and to Turkey.”

ADM will continue to “pursue investment opportunities” in Turkey, according to Stalker.

ADM Capital has been investing only in developing markets since 1998. The company, which also has offices in London, Istanbul, Beijing, Mumbai, Kiev and Almaty, manages nearly $1.7 billion.

The company’s first investment in Turkey was in Işıklar Holding in 2005. As Turkey emerged from a crippling crisis, Işıklar had paid nearly $85 million of debt due to support from ADM.

ADM later invested in SFA Soğutma, STFA Investment Holding, Penguen Gıda and various other companies.