Turkish discount retail chain A101 will begin accepting bids for the company around August 10, 2011. Several private equity funds, including Capital Group, TPG, and Permira, and Mid Europa Partners have all shown an interest in the sale. It is anticipated that the price will range between 800 and 1 billion Lira.
A101 was founded in 2008 and has steadily grown to 1075 retail stores throughout Turkey. Their current projections are to have 2000 stores by 2015. A101 targets all income levels of consumers, creating a very large market base. All supplies are shipped to the stores using trucks owned by the company.
Permira is a European private equity firm that was founded in 1985. The firm currently has 12 offices located throughout Europe, Asia and the United States. Permira has made over 200 equity investments, and currently manages over 20 billion Euros in assets.
Capital Group (www.capgroup.com)
Capital Group is a mutual fund group that was founded in 1931. Capital Group is a very stable firm that quietly makes sound investments in a broad range of industries. The company rarely grants interviews to prospective companies it invests in, and it does not advertise its services. Capital Group has many subsidiaries under its umbrella, including The American Funds. The group currently manages over $1 trillion in assets.