Turkey
Revo Capital nears final close for Fund II
Venture capital firm is also eyeing two more investments in September, according to MD Cenk Bayrakdar
Getir investors to cash in USD 100m with secondary sale
Stake being sold amounts to around 1.3% of Getir's total share capital
Mediterra acquires majority stake in Turkish fintech PayCore
GP typically makes equity investments of around €20m and currently has 30 portfolio companies
Ceecat Capital on road for Fund II
Vehicle is the first to be raised since Ceecat Capital span out from ADM Capital in 2018
Taxim acquires Doganay Gida
Under Taxim Capital's ownership, Doganay Gida plans to accelerate its growth
VCs sell Peak Games to trade for $1.8bn
Earlybird, Hummingbird and Endeavour Catalyst have exited to US-based mobile game designer Zynga
Revo Capital Fund II holds first close on €40m
Domiciled in the Netherlands and structured as a BV, the fund has a 2% management fee
Mediterra exits Mobiliz to GPS Bulgaria
Mediterra acquired Mobiliz for a total consideration of €5.05m in November 2012
Actera Group sells Kamil Koç to VC-backed FlixBus
Sale ends a six-year holding period for Actera, which acquired Kamil Koç for approximately €25.5m
Bogazici Ventures launches $346m triple fundraise
GP launches a $100m Crypto Fund to invest in ICOs, STOs and other cryptocurrencies
Revo launches second fund
Revo is understood to have secured approximately 35% of the targeted commitments
Pera targets €100m for second fund
New fund will follow the strategy of its predecessor, investing in the Turkish lower-mid-market
LP Profile: Truffle Invest
Co-founder Proctor speaks to Unquote about the launch of the firm, which seeks to give smaller investors access to high-quality funds
Turkven-backed Alpha Flexibles to invest in Elif
Alpha Flexibles is controlled by a group of international investors that are advised by Turkven
Colony to acquire four Abraaj funds
Deal includes Abraaj's stakes in the funds along with staff in eight offices
Zynga snaps up VC-backed Gram Games for $250m
By acquiring Gram Games, Zynga said it will expand its portfolio of live game franchises
PE-backed Şok completes Istanbul IPO
Turkish grocery retailer prices at the top end of its revised range, with gross proceeds of TRY 2.3bn
Local GPs rule the roost in Turkish mid-market
International investors struggle to gain a foothold in the Turkish mid-market as local networks provide domestic firms with a headstart
Actera, Esas exit UN Ro-Ro in €950m trade deal
Danish ferry company DFDS Group is acquiring a 98.8% stake in UN Ro-Ro on a debt-free basis
PE-backed Sok readies for Istanbul IPO
Trading on the Instanbul stock exchange is expected to commence in May 2018
Mediterra sells ACP to Howden
Deal ends a four-year holding period under Mediterra, after the GP acquired the firm in April 2014
PE-backed Sok to list on Istanbul Borsa
Listing could comprise up to 35% of shares, with the IPO reportedly set to complete in May
Abraaj suspends private equity funds as founder steps down
CEO and founder Arif Naqvi passed the fund management reins to two co-chief executives
Turkven to raise fourth fund in H2 2018
Fund is a follow-up to the current fund, Turkish Private Equity Fund III, which held a final close in 2012 on $840m