The European Bank for Reconstruction and Development (EBRD) has made yet another investment in the wind power sector – this time in Turkey – with a EUR 135 mln loan to Turkey’s leading private energy company, Enerjisa. The loan will be used to build a 142.5 MW wind power facility in Balikesir in the western [...]

Early-stage VC fund 212 Capital Partners, under advisement of 212 Ltd., will be making its fifth successful investment this year with CloudArena, an SaaS company offering a socialized environment for the hotel management industry. This is also their second investment in the hospitality industry in Turkey, after their recent funding of hemenkiralik.com. CloudArena (www.cloudarena.com) CloudArena is [...]

German mobile ad start-up Madvertise has completed the acquisition of Turkish competitor Mobilike. In line with their objective of being a market leader in Europe, the acquisition puts the consolidated page impressions count at just under 2 billion, of which about 15 percent comes from Mobilike. Madvertise has used some of the recent $10 mln [...]

Turkish mid-market investment firm, Pera Capital, has successfully closed its first PE fund at EUR 40 mln towards. The Pera Capital Partners I fund intends to hit the EUR 120 mln mark as its peak. The fund includes institutional investors and funds of funds, as well as family offices. Pera Capital (peracap.com) Typically targeting growth [...]

Turkish clothing store retail chain Fabeks Diş Ticaret has managed to bag a sizable investment from Saudi bank-funded Eastgate Capital. The 49.8 percent equity stake that was sold to Eastgate was completed via the latter’s MENA Direct Equity Fund. The funding will be used to expand Fabeks’s presence in Turkey, as well as additional target markets. The [...]

Turkish hosiery house Penti has attracted several potential controlling stake buyers like Bridgepoint, the Kuwaiti company Global Investment House (GIH) and CVC. If Bridgepoint should close the deal, it will be the first investment by the mid-cap UK company in Turkey since the 2009 investment into TüvTurk, the vehicle inspection group of companies. Penti (www.penti.com) Penti was [...]

Beauty products mail order company Glossybox, which was launched, and is majority-owned (57.5 percent), by the Samwer brothers’ Rocket Internet, has attracted a round of funding from Len Blavatnik’s Access Industries in exchange for a 7 percent equity stake. Yet to be launched in Russia, the company numbers Kinnevik (24 percent) and Holtzbrinck Ventures (7 [...]

Credit rating organization Fitch is likely to take action against the credit rating of Turkcell should a move be made to formalize the offer to buy the intended 94 percent stake in the Bulgarian Telecommunications Company (BTC). The unveiled warning came a day after Turkcell’s announcement that it would make a bid that its competitor, [...]

212 Capital Partners I, the VC fund under advisement of 212 Ltd., has already made its fourth investment this year. The early-stage fund’s target this time is Hemenkiralik.com, an online portal where people can list their rental properties for short-term requirements, in Turkey. The investment follows three other internet and technology-based target companies that received [...]

New Turkish PE fund TRPE Capital has been spun off from Rhea Asset Management in a bid to invest into Turkey’s key markets. The primary focus is to be on technology, business services and healthcare. Though the company will continue to service its existing portfolio of companies acquired while with Rhea, the investment focus will [...]

UAE-based investment house Abraaj Capital  has divested its 50 percent stake in Turkish healthcare services provider, Acibadem. The divested shares are being transferred to Khazanah Nasional, the investment wing of the Malaysian government, as well as Integrated Healthcare Holdings. Acibadem, formerly owned fully by the Aydinlar family, will take its holdings down to 25 percent, with [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 Capital Management has penned a USD 1 bln deal with Turkish financial player Garanti to invest in buyouts in the Turkish market.

Malaysian state-backed Khazanah Nasional is currently pursuing talks with Turkish hospital group Acibadem in what could be a USD 500 million equity deal.

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 [...]