Investcorp buys 30% of Turkish retailer Orka Group

Equity was drawn from Investcorp's Gulf Opportunity Fund, a $1bn vehicle targeting the Middle East and North Africa regions. This is the fund's sixth investment and the third Turkish deal for Investcorp.

Orka will use the fresh capital to accelerate its growth both in Turkey and in international markets.

Company
Established in 1986, Orka is a retailer of luxury menswear, operating through the Damat, tween and D'S Damat brands. Its products are sold in more than 250 stores across 40 countries.

People
Mohammed Al Shroogi led the deal for Investcorp. Süleyman Orakçıoğlu is chairman of Orka.

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• Topics
• CEE
• Expansion
• Consumer
• Turkey
• Investcorp