Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Vakif Bank

RHEA Buys controlling Share of Vakif Venture Capital

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.