Garanti and Cerberus Form Turkish J-V
Garanti Bank subsidiary Garanti Securities and Cerberus Capital Management have formed a joint initiative to pursue investments in Turkey. Cerberus Turkey, an affiliate of Cerberus Capital Management already has US$400 million to invest in Turkish businesses. Garanti Securities and Cerberus anticipate raising additional capital starting next year to reach a total of up to US$1 billion in a new, jointly managed fund. Target equity value will be US$50 million to US$250 million.
5 October 2011•4 mins read
