Turkven related stories
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Talking TurkeyPrivate equity in Turkey has been on the up for a few years now, without ever quite taking off. But stars seem to be aligning in its favour.
- BC Partners agrees supermarket exit
The UK buyout firm will sell a subsidiary of Migros Ticaret for $380m after purchasing the Turkish supermarket chain for $3.2bn in 2008.
- Talking Turkey
Industry insiders took time out from PEI's recent Turkey Forum in Istanbul to explain why - despite some hurdles - Turkish private equity merits serious LP attention.
- BC to increase stake to 100% in Turkish grocer for €414.5m
BC Partners will soon launch a tender offer for all remaining shares of Migros Türk following the purchase of a majority stake in May. Separately, London-based managing partner Raymond Svider is relocating to New York to head up fledgling US buyout operations.
- BC club wins battle for Turkish retailer
The BC Partners-led consortium has pulled off its YTL3.9 billion bid for Migros Türk in the face of strong competition including The Blackstone Group and Kohlberg Kravis Roberts. It is Europe’s largest deal since credit markets seized up.
- AccessTurkey raising €250m fund
The Turkish alternative asset manager is set to raise a domestic mid-market buyout fund, as the country continues to attract international buyout firms while local firms grow in size and number.
- Financial sponsors table low-ball Migros bids
The private equity firms bidding for the Turkish supermarket have tabled lower than expected bids, although should the deal complete it will be one of the largest European buyout financed since the problems in the credit markets became apparent.
- Carrefour abandons $4bn Turkish auction
The French retailer has pulled out of the bidding for Migros, as buyout firms such as Kohlberg Kravis Roberts and BC Partners are set to table bids tomorrow for the Turkish company.
- Advent backs Turkish car fleet firm
Global private equity house Advent International and its investment partner in the Turkish market, Turkven Private Equity, have led an equity financing for Intercity.
- Advent finalises Financial Dynamics deal
Advent International has agreed to pay £26m for the UK-based PR company, completing the firm’s fifth transaction in the past two months.