Turkey
Posted Sat, 13/02/2010 - 12:52
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.
Posted Wed, 16/12/2009 - 23:13
Following a preliminary agreement reached in November, the Carlyle Group has announced the completion of their transaction to acquire a 40% stake in Medical Park HG. Medical Park partners Ethem Sancak and Muharrem Usta retain the remaining 60% of the company.
Posted Thu, 19/11/2009 - 11:31
Invest AD, the Abu Dhabi state-owned investment group has announced the virgin investment of its new fund, Invest AD Private Equity Partners II. The fund will invest € 50 million in Turkish logistics company Ekol Lojistik A.S. (EKOL). The investment translates into a significant minority share for Invest AD and was structured as a capital increase.
Posted Wed, 18/11/2009 - 11:35
Bitter telecom rivals Alfa Group and TeliaSonera have agreed to set aside legal wrangling and combine their holdings in Megafon and Turkcell respectively. The merger would create a new joint-venture company worth more than USD 30 billion which would eventually be listed on the New York Stock Exchange. If the deal proves successful the new company will be operated on an equal partnership basis. Standing in the way of the deal is Alisher Usmanov, the Russian billionaire and Megafon's third shareholder who opposes the venture.
Posted Thu, 12/11/2009 - 13:47
Ethem Sancak and Muharrem Usta, partners in Turkish medical company Medical Park Hospital Group (MPHG), have signed a preliminary agreement to sell a minority stake to the Carlyle Group, an American private equity firm. The deal gives Carlyle a 40% stake of MPHG for a price of $100 million; Sancak and Usta will retain the remaining 60%. The sale, which is expected to be completed in the near future, follows Carlyle's first Turkish investment made last year in TVK Shipyard.
Posted Wed, 04/11/2009 - 22:46
3TS Cisco Growth Fund is set to receive a significant boost via a co-investment deal between 3TS Capital Partners and Istanbul Venture Capital Initiative (iVCi). 3TS Capital partners, a CEE private equity firm, will join forces with iVCi to provide a €6 million investment aimed at helping the technology, media, and telecom sectors grow in Turkey.
Posted Wed, 30/09/2009 - 17:07
Betting on increased car ownership in Turkey, Bridgepoint Capital Group has made its first investment in the Eastern European country by acquiring a 33% stake in Tüvturk, a vehicle safety testing operation. London based Bridgepoint has established Test Tait, a newly formed company through which the all-cash deal will be facilitated.
Posted Wed, 30/09/2009 - 16:59
A €10 million equity investment into PE startup Eurasia Capital Partners Limited has received concept approval by the European Bank for Reconstruction and Development, which is set to take up final review in early December. The EBRD's proposal calls for the bank investing €10 million or 20% of the new fund's aggregate size, whichever is less.
Posted Sun, 13/09/2009 - 19:25
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.
Posted Fri, 05/06/2009 - 15:09
The European Bank for Reconstruction and Development (EBRD) is considering an investment in a new private equity fund designed for the Balkans. Although still in the concept stage, the new fund's size could be as much as EUR 200 million with the EBRD's investment upwards of EUR 40 million. The proposed name of the fund is Emerging Europe Accession Fund and will be managed by Axxess Capital 3 N.V.
Posted Tue, 26/05/2009 - 00:00
The European Bank for Reconstruction and Development (EBRD) is considering making a loan to Dimes, the Turkish producer of fruit juice, milk, and other agricultural and dairy products. The proposal calls for up to USD 18.5 million in semi-revolving working capital which Dimes would use to finance its annual milk and fruit purchases.
Posted Mon, 23/03/2009 - 19:03
The Alfa Group of Russia, and its Altimo telecommunications subsidiary have sold a portion of their stake in Turkcell, a leading Turkish mobile network company. The sale is equal to about 62.2% of the company, leaving Alfa's shares at 4.99%. Two buyers, Henri Services Ltd. and Nadash International Holding, combined to make the purchase valued at USD 90 million. Alfa's disinvestment of Turkcell was the result of a court order issued by a New York judge, requiring the sale in order to put to rest a conflict of interest dispute between Alfa and the Telenor Group of Norway.
Posted Fri, 18/07/2008 - 00:00
Global private equity firm The Carlyle Group announced that it has acquired a 50% stake in TVK Shipyard, a Turkish shipbuilder specializing in chemical tankers and other specialty vessels. This is Carlyle’s first investment in Turkey.
Posted Mon, 03/03/2008 - 01:00
Turkish cinema and entertainment company AFM Uluslararasi Film Produksiyon Tic. ve San. has concluded its business and investment relationship with AIG Capital Partners. AIG Capital, along with other investors, have sold almost 52% of the company to Alfa-Group Consortium's A1Group. The deal has been valued near USD 75 million.
Posted Tue, 26/02/2008 - 01:00
BC Partners have acquired Migros Türk TAS for USD 3.2 billion in the largest leveraged buyout in Turkey's history. Moonlight Capital, a BC Partners vehicle, bought a 51 percent stake in Koc Holding for $1.7 billion. Additional minority investments have come from DeA Capital, a vehicle controlled by Turkven Private Equity and De Agostini SpA. An analyst company, Ata Invest's Yonca Yagcioglu, valued the company at USD 2.4 billion.
Posted Thu, 03/01/2008 - 01:00
Turkven Private Equity acquired 70% of Provus Turkey and Provus Romania, the leading independent payment processor in Turkey and its Romanian operations.
Posted Fri, 14/12/2007 - 01:00
The Actera Partners Fund, the debut fund for Turkish equity firm Actera Group, was closed with a value of over USD 475 million. That makes the fund the largest private equity fund ever established to finance investment in Turkey.
Posted Thu, 10/05/2007 - 00:00
Global Finance acquired a share in Biofarma, one largest generic pharmaceutical producer in Turkey.
