
Mitsui invests in Globalturk-backed Tempo
Japanese investment company Mitsui has taken a minority stake in Turkey-based Tempo Call Center Company.
The deal saw Mitsui co-invest alongside Globalturk, which first invested in Tempo in 2011 through a minority share option. Globalturk introduced Mitsui to the investment opportunity.
The deal valued the company at less than $25m.
Tempo (locally known as Tempo Cagri Hizmetleri) is an Istanbul-based provider of call centres and outsourced services. It employs 1,500 agents in its offices in Istanbul, Afyon and Urfa. Tempo uses a proprietary infrastructure software platform for efficient call management. It serves multinational and Turkish companies in the information and communications, financial services, healthcare, fast-moving consumer goods and utilities sectors.
Founder and managing partner Baris Oney represented Globalturk. Following the transaction he, as well as representatives of Mitsui, will join the board of the company.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater