Mitsui invests in Globalturk-backed Tempo

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.

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