Invest-IQ

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 [...]

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 [...]

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 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, 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 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 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. [...]

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, [...]

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 [...]

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 [...]

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, [...]

Citing infrastructure as a top investment priority, global investment firm Citi Venture Capital International (CVCI) has announced a significant deal with Global Ports Holding Turkey. The deal calls for London-based CVCI to make a USD 200 million investment in the Turkish seaport operator. The plans must still get approval by regulators, but it’s expected the [...]

In its second deal early in the month of April, the UK’s BC Partners have sold their 17.4% share in Turkey’s Migros Ticaret grocery chain through the placement of ordinary shares at USD 16.5 per share. The initial size of the placement was set at USD 26 million but was increased to USD 31 million [...]

As the sale process for Turkey’s Biofarma continues on, the list of potential buyers is down to three – with GlaxoSmithKline being one of them. Though the remaining two bidders have not been revealed, the winner should be known within a few months. Owners Citi Venture Capital, Global Finance, and Partners in life Sciences have [...]

A consortium consisting of Swedish Stena AB and Koc Holding AS announced in late March their intention of placing a joint bid for Turkish ferry operator IDO. They joined a list of nine other bidders announced by the ferry’s municipal owner, the city of Istanbul. Yet the consortium withdrew their bid just a week later, [...]

Diageo has agreed to acquire Mey Icki, the Turkish raki producer, in a continued effort to increase its presence in emerging markets. Diageo will pay €1.54 billion to acquire the company from US-based TPG and Turkey’s Actera Group. Industry experts expect Mey Icki to do very well in coming years as income among Turkey’s middle-class is expected to [...]

UK investor NBGI Private Equity has made its first Turkish deal by acquiring a majority stake in medical services provider Sante Group. The deal has been estimated to be worth as much as £16.8 million. NBGI officials cite the steady growth in Turkey’s medical services industry, being driven by an aging population and increased medical [...]

The broadcasting assets of Dogan Yayin, Turkish media conglomerate, are attracting the interest of KKR and TPG. The two of the biggest US private equity businesses, together with Time Warner remained after the second round of bidding. Apax Partners and RTL dropped out of the auction earlier, as they considered the deal price too high. Bids [...]

In a drive to help privatize energy distribution in Turkey, the EBRD has joined with International Finance Corp.(IFC) and UniCredit Bank AG to provide financing of up to USD 325 million. The financing package is being made available to the Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S (Akcez) consortium and it’s electricity distribution subsidiary Sakarya [...]

DentIstanbul, the financially troubled Turkish dental hospital, as a new lease on life after Rhea Venture Capital Investment Trust acquired the company from American private equity fund GEF. DentIstanbul has been facing financial difficulties since 2007, forcing the sale of the company to GEF in order to stay afloat. GEF decided to divest itself at [...]