Turkey
Abraaj buys Turkish dairy business Yörsan
The Abraaj Group has taken a majority stake in the buyout of Yörsan Group, a Turkish manufacturer and distributor of dairy products.
Investcorp acquires Namet stake
Bahrain-based Investcorp has acquired a minority stake in Turkish meat company Namet Gida Saayi ve Ticareti.
Turkven buys Carlyle’s stake in Medical Park
Turkish private equity firm Turkven has acquired Carlyle’s 40% stake in hospital chain Medical Park.
CMS sets up shop in Turkey
Law firm CMS has opened an office in Istanbul, highlighting the ever-increasing dominance of the Turkish economy.
CEE tech investor 3TS hits €103m first close
Dedicated CEE-focused technology investor 3TS Capital Partners has reached a €103m first close for 3TS TCEE Fund III.
Abraaj divests Acibadem Insurance
The Abraaj Group has sold its 50% stake in Turkish health insurance firm Acibadem Sağlık ve Hayat Sigorta (Acibadem Insurance) to Khazanah Nasional Berhad, the Malaysian government’s strategic investment fund.
Turkey’s Evim.net raises $5m
Evim.net, a Turkish homeware e-commerce site, has raised a $5m series-A round from 212, Simile Ventures and the European Bank for Reconstruction and Development (EBRD).
CloudArena raises $1.5m from Aslanoba and 212 Capital
Istanbul-based CloudArena, a hospitality-focused cloud software provider, has received $1.5m in early-stage funding from Aslanoba Capital and existing backer 212 Capital Partners.
Regulation threatens present and future of industry
Private equity professionals included a tax neutral regime on their Brussels wish-list at the European Private Equity and Venture Capital Association (EVCA) Symposium in Istanbul yesterday.
İş Private Equity offloads Aras Kargo stake
Turkey-based İş Private Equity has sold its 20% holding in parcel delivery group Aras Kargo to Austrian Post in a deal worth €50m.
EIF and KOSGEB launch €250m Turkish fund-of-funds
The European Investment Fund (EIF) and the Small and Medium Enterprises Development Organisation of Turkey (KOSGEB) have established a Turkey-focused fund-of-funds targeting €250m.
Law firm Edwards Wildman Palmer opens in Istanbul
Private equity-focused law firm Edwards Wildman Palmer (EWP) is set to open an office in Istanbul, covering the CEE and MENA regions in addition to the Turkish market.
Darby exits Sirma to Danone
Darby Private Equity is set to sell its holding in Sirma, a Turkish bottled water and beverages manufacturer.
Eurozone shows greater appetite for Turkish delight
Turkish delight
Advent to close Turkey office
Advent International will close its Turkey office by the end of the month, raising questions about the once burgeoning market it has been involved in since 2001.
Abraaj Capital mulling Acibadem Sigorta sale
Abraaj Capital is planning to sell its 50% stake in Turkish health insurer Acibadem Sigorta, according to reports.
4D Global invests $17m in Aladdin Middle East
4D Global Energy Advisors has invested $17m in Aladdin Middle East, an oil and gas company with primary operations in Turkey, as part of a $20m funding round.
Acanthus: Private equity fundraising remained tough in 2012
Research from mid-market advisory firm Acanthus shows that 2012 saw an even tougher fundraising climate than the previous year.
Actera Group buys 50% of Celebi Aviation Holding
Actera Group has acquired a 50% stake in Turkish aviation services business Celebi Aviation Holding, according to reports.
Mitsui invests in Globalturk-backed Tempo
Japanese investment company Mitsui has taken a minority stake in Turkey-based Tempo Call Center Company.
Turkish snack chain hopes to raise $500m through PE
Turkish snack chain Simit Sarayi has entered negotiations with US investor Colony Capital and Dubai's Abraaj Capital for the sale of a minority stake in the business, according to reports.
ADM Capital et al. looking to exit Turkish hospital
An investor group including ADM Capital, Dutch pension fund PGGM and the International Finance Corporation (IFC) are looking to exit Turkish hospital chain Universal Saglik Yatirimlari, according to reports.
Globalturk Capital and Small Enterprise Assistance Fund strike alliance
Globalturk Capital and American Small Enterprise Assistance Fund (SEAF) have agreed to collaborate on growth investments in Turkey.