The European Bank for Reconstruction and Development is set to announce a EUR 50 mln fund to the Turkish fund Turkven PE Fund III for investment in mid-market companies in Turkey that will either involve buyouts or capital expansions. The hard-cap target for the fund is EUR 500 mln, and it seeks to invest in [...]
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Private equity firm Carlyle acquires 48 pc in Bahcesehir a Turkish education provider
Global private equity firm the Carlyle Group announced it has acquired 48 pc stake in Turkish private education provider Bahcesehir Koleji. Existing significant shareholders Yucel and Karatas groups will stay invested in Bahcesehir as the country’s education sector is expected to grow at a brisk pace with rising incomes. Bahcesehir Koleji (www.bahcesehir.k12.tr) Established in 1994 [...]
Turkish online retailer gets investment from Amazon
Ciceksepeti – a Turkish online gifts and flower start-up, has sold a minority stake to online retail giant Amazon. The Istanbul-headquartered company sells toys, flowers, jewelry, gourmet products and other gift items to customers across the country. Ciceksepeti (www.ciceksepeti.com) Founded in 2006 by CEO Emre Aydin, the 160 employee firm had earlier raised funding from [...]
3TS Invests In Turkish Online Dating Portal eÇift
CEE-centric 3TS Capital Partners have invested in a Turkey-based online dating site called eÇift. The investment has been made through the 3TS Technology in CEE Fund and is also called the 3TS Cisco Fund; Cisco is an anchor investor in the fund, which supports growth capital funding in the said region. Along with co-investor Istanbul Venture [...]
PE firm Carlyle in Turkish Retail Chain Takeover Bid
Istanbul based departmental store chain YKM’s announcement of a stake sale has attracted bid from global PE firm Carlyle. The firm has tied up with Turkish private equity investor Esas Holding AS for a 63-per cent stake of the retail chain operator. California based real-estate investor Colony Capital – in collaboration with local private equity [...]
MEP acquires controlling stake in Kent Hospital Turkey
CEE-focused private equity firm Mid Europa Partners has acquired a controlling (65 percent) stake in Turkey’s Kent Hospital, and has already signed an agreement that will take its share up to 90 percent. In this, their first Turkish acquisition, MEP has gained a sizable presence through its investment in the 162-bed hospital that specializes in cardiology and [...]
Cerberus, Garanti partner for $1bn Turkey
Cerberus Capital Management has penned a USD 1 bln deal with Turkish financial player Garanti to invest in buyouts in the Turkish market.
Khazanah in Talks to Acquire Stake in Turkey’s Acibadem
Malaysian state-backed Khazanah Nasional is currently pursuing talks with Turkish hospital group Acibadem in what could be a USD 500 million equity deal.
Crescent Capital Announces Closing of First Clean Energy Fund
Turkey based fund manager Crescent Capital Advisory Ltd. has announced the successful launch and first closing of Clean Energy Transition Fund LP (CETF), a private equity fund focused on renewable energy and related sectors. CETF will seek investment opportunities in solar, wind, hydro, geothermal and biomass power projects in Turkey and South Eastern Europe. Clean [...]
$350m Turkey Fund Planned By Global Capital
Global Capital Management intends to create a USD 350 million Turkey fund. This fund will be used specifically for buy-out opportunities in consumer industries such as healthcare, financial services, and manufacturing. The fund is expected to launch in the near future, followed by a second fund in early 2012 that will also target the GCC [...]
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Carlyle Group Considers Sale Of Turkish Hospital-Medical Park
Private equity group Carlyle and the owners of the Turkish hospital group, Medical Park, are considering a sale of the business or an initial stock offering at the end of 2011 or in the beginning of 2012. This information has been given by 5 people close to the source; official confirmation has not come from [...]
Actera might acquire Bilim Ilac
Private equity firm Actera is in talks with Bilim Ilac, a Turkish drug maker to acquire a 10% share in the company. Talks are anticipated to conclude in September. The 10% share is thought to be valued at approximately USD 900 million. Actera Group (www.acteragroup.com) Actera Group is a private equity investment firm focused on [...]
Turkish Retail Chain A101 Eyed By Capital Group, Permira And Others
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 (www.a101.com.tr) A101 [...]
NBGI Takes Majority Stake In Birgi Mefar, A Turkish Pharmaceutical Company
NBGI, a European equity firm, along with Ethemba Capital, an emerging market specialist, acquired a majority stake in Turkish pharmaceuticals manufacturer. A minority share of the company will be held by the current CEO, who will retain his position after the acquisition. All shares held by Maya Holding Group, and all family shares were sold. [...]
Mid Europa Partners Invests In Turkey-Based Kent Hospital
Mid Europa Partners made its first investment in Turkey by acquiring a 65% share in the Kent Hospital Group. This is the fourth investment by Mid Europa into the health care industry. Cem Bakioglu, founding shareholder and Chairman of the Board of Kent, will remain a co-investor. Kent Hospital Group (www.kenthospital.com) Kent Hospital and Medical [...]
Goldas Jewelry Secures Expansion Loan from GEM
Goldas Jewelry has signed an agreement with GEM Global Yield Fund Ltd. And GEM Investments America, LLC for an equity line of credit valued at 60 million Turkish Lire. Goldas has been in negotiations with the fund since late 2010. Funds will be used to expand the company and must be used within 3 years. [...]
Turkish Discount Supermarket SOK Sold By BC Partners
BC Partners, a United Kingdom private equity firm, has sold SOK, a Turkish discount grocery chain, and subsidiary of Migros Ticaret, Turkey’s largest supermarket chain. Gozde Finansal and Bizim Toptan acquired the chain for USD 380.1 million. Murat Ulker is the leading shareholder in both of these firms and is also associated with Ulker group, [...]
Earlybird Invests $5 Million In Turkish Peak Games
Peak Games has announced that EarlyBird Venture Capital is investing USD 5 million into the company to promote growth in the emerging markets the company targets. Currently, Peak Games markets culturally-based social games on Facebook which target the Middle East and North Africa. Peak games is considered on of the top ten leading game companies [...]
$144 Million Raised By Mediterra Capital For New Fund Focused On Turkey
Mediterra Capital Management is pleased to announce that they raise $144 million during the first close of their debut fund aimed directly at the Turkish market. Mediterra plans to raise a total of USD 360 million by the end of 2011 for its Mediterra Capital Management I fund. Initial investors include 10 of the top [...]
100% of Shares In Standard Profil Sold By Bancroft Private Equity Firm
Bancroft Private Equity Firm, a firm focused on companies in Central Eastern Europe and Turkey, has agreed to sell 100% of its shares in the automotive sealing supplier, Standard Profil, to the Ruia Group. Ruia is a leading conglomerate in the industrial field, with a strong showing in tire and rubber products, infrastructure and engineering, [...]
