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 [...]

Citing the burgeoning global market for disposable medical devices, Istanbul’s RHEA Investments has agreed to acquire a majority stake in Turkish medical manufacturer SETA Medical Products. The deal, to be transacted through RHEA’s Vakif Girisim venture capital fund, values SETA at approximately USD 4.6 million. SETA management plans to increase market share, improve logistics, and [...]

Two Turkish private equity firms are set to merge as RHEA Investments has agreed to the acquisition of Vakif Venture Capital Investment Trust. Contingent upon approval from Turkey’s Capital Markets Board, RHEA will purchase Vakif Capital from current owner VakifBank, who is looking to fully divest itself of the subsidiary. RHEA hopes to have the [...]