How to rotate an object around a arbitrary point?

I want to rotate an UILabel around an arbitrary point in a circular manner, not a straight line. This is my code.The final point is perfect but it goes through a straight line between the initial and the end points.

- (void)rotateText:(UILabel *)label duration:(NSTimeInterval)duration degrees:(CGFloat)degrees {
    /* Setup the animation */
    [UILabel beginAnimations:nil context:NULL];
    [UILabel setAnimationDuration:duration];


    CGPoint rotationPoint = CGPointMake(160, 236);
    CGPoint transportPoint = CGPointMake(rotationPoint.x - label.center.x, rotationPoint.y - label.center.y);

    CGAffineTransform t1 = CGAffineTransformTranslate(label.transform, transportPoint.x, -transportPoint.y);
    CGAffineTransform t2 = CGAffineTransformRotate(label.transform,DEGREES_TO_RADIANS(degrees));
    CGAffineTransform t3 = CGAffineTransformTranslate(label.transform, -transportPoint.x, +transportPoint.y);

    CGAffineTransform t4 = CGAffineTransformConcat(CGAffineTransformConcat(t1, t2), t3);
    label.transform = t4;   

    /* Commit the changes */
    [UILabel commitAnimations];

}