| 2nd Annual Private Equity International Turkey Forum - September 22-23 |
| 28 July 2010 |
Finally pulling together all the major players in the Turkish private equity space last year (as reported on this site), it appears that EMPEA and PEI are doing it again - The 2nd Annual PEI Turkey Forum. This is really the largest "who's who" event that has ever happened in Turkey for this high potential space. (Dimiter, hope it worked out well for you last year.) I mean, look at this list of speakers:
- Amjad Ahmad, Senior Managing Director, Alternative Investments, NBK Capital
- Meltem Akol, Partner, White & Case
- Sarah Alexander, President, EMPEA
- Ozgur Altan, Investment Manager, European Investment Fund (EIF)
- Meltem Ankara, Senior Banker, European Bank for Reconstruction and Development (EBRD)
- Isak Antika, Co-Founder & Managing Partner, Actera Group
- Kathleen Bacon, Managing Director, HarbourVest
- Jean-Philippe Burcklen, Head of Lower Mid-Market, European Investment Fund (EIF)
- Dr. Mete Çakmakcı, Secretary General, Technology Development Foundation of Turkey
- Jennifer Choi, Director of Research, EMPEA
- Serkan Elden, Managing Director & CEO - Eurasia, PineBridge Investments
- Ercan Ergul, Managing Director, Bedminster Capital Management
- Mete Ikiz, Investment Director, NBGI Private Equity
- Tolga Işmen, Managing Partner, Ismen
- Ralph Jaeger, Senior Research Consultant, Cambridge Associates
- Amanda Janis, Senior Editor, Private Equity, PEI Media
- Yalin Karadogan, Principal, Cinven
- David Nieuwendijk, Senior Investment Officer Private Equity, FMO
- Murat Özgen, Chief Executive Officer, İş Private Equity
- Frank Roccogrande, Partner, Bilgili Holding
- Mehmet Sami, Executive Board Member, ATA Invest
- Selim Selimata, Manager - Project & Acquisition Finance, Garanti Bank
- Onur Takmak, Principal, RHEA Investments
- Seymur Tari, Managing Director, Turkven
- Sasha van de Water, Managing Director, Keyhaven Capital Partners
- Memet Yazıcı, Managing Director, Private Equity, Rhea Asset Management
- Selcuk Yorgancioglu, Executive Director & Turkey Country Head, Abraaj Capital
- Can Yucaoglu, Director, Turkven Real Estate
Incredible! Truly, what a great event this will be. While I can't imagine there is really that much to say about Turkey, the presence of such brain power and "pro-invest-Turkey" spirit will certainly be there. And it should be, because all tickets for institutional investors are FREE! (As is always the case at such events). Just curious, would anyone like to sponsor me to go to this event? I'd like to go. Maybe I could get a press pass? Hmmm....well anyway, let's hope this means that more inflow of private equity is able to enter Turkey and continue to grow this country to its potential.Labels: Conferences, PEI Turkey Forum, Private Equity, Serkan Elden, Seymur Tari
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| RHEA Investments Acquires Stake in Turkey’s first fully integrated solid waste and energy company, Envitec Ltd. |
| 02 June 2010 |
To finish the trio of investments for RHEA Investments so far in 2010, RHEA acquires a 33% stake in Turkey’s first fully integrated solid waste and energy company, Envitec Ltd. Envitec has a 25-year Build-Operate-Transfer concession in a 27 municipality region on the Mediterranean Coast of Turkey. The investment will reach $7 Million in 2010.
Onur Takmak, Chairman of the Board for Vakıf Girisim and Chief Executive Officer of RHEA Investments stated "Natural resources, clean infrastructure and energy are focal points of our investment targets. Vakıf VCIT will continue investing in leaders with the right technologies and with the right implementation projects in Turkey. We are excited to work with partners including Enviro Metall GmbH, Kanyol Construction and Biodegma GmbH to leverage their extensive experience in environmental technologies and projects. Envitec will build a strong brand and become a regional leader in waste management."
Ali Rıza Serter, Chairman of the Board for Envitec, expressed that Iskenderun Area Municipal Solid Waste Project will be the first project in Turkey designed single-handedly end-to-end with a clean environment and European Union guidelines in mind. Serter said "We will be proud to serve a very fast growing population of more than half a million residents for 25 years. Envitec is excited to partner with RHEA and Vakıf Girisim to complete this showcase project and expand to other regional municipalities."
Memet Yazici, Head of Asset Management, RHEA Investments and Board Member for Vakif Girisim commented "With our partnership, Envitec will complete a $35 Million infrastructure investment in the first phase. This investment will cover the daily collection of 600 tons of solid waste per day; separation of recyclables; sterilization and elimination of medical waste; production of organic compost material; flash-drying of municipal waste water treatment products; and managing the landfill for the remaining solid waste. The second phase will also add one of Turkey’s largest organic fertilizer plants and an energy production plant from landfill methane. This is a showcase project focused on maximizing the solid waste re-use and finding the cleanest waste management solutions."
Cem Baytok, Director of Energy Investments for RHEA, mentioned that Envitec has been managing a profitable waste collection operation in the region. Following the investment period the project will generate cash flow equivalent to a 100 MW wind energy generation plant. Baytok added that the clean energy production of the project will be enhanced with additional follow-on investments.
Envitec was founded in 2009 after winning the tender for the Build-Operate-Transfer Solid Waste Management and Energy Generation project for the Iskenderun Region of Turkey consisting of 27 municipalities. Founding partners of Envitec include Enviro Metall GmbH, a Stuttgart-Germany firm focused on clean environment projects; Kanyol Construction Inc of Turkey, and Biodegma GmbH of Germany.
Labels: RHEA investments, Vakıf Girişim
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| RHEA Investments Takes Stake In Netsafe Information Technologies - a leading Turkish independent asset management platform |
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January 2010
The second of three investments in 2010 for RHEA Investments, RHEA announced that they had acquired a 60% stake in Netsafe Information Technologies of Istanbul, Turkey. Netsafe is Turkey’s fastest growing Network Security Unified Threat Management (UTM) appliance manufacturer. The proposed transaction values Netsafe at approximately $1 Million US Dollars.
Netsafe, based in Istanbul, Turkey, serves more than 150 small to medium enterprises in Turkey and exports its products to the Middle Eastern and Eastern European countries. Netsafe was founded by Cüneyt Kalpakoglu, an experienced information security expert and former veteran of IBM in Turkey.
Onur Takmak, Chairman of the Board for Vakıf Girisim and Chief Executive Officer of RHEA Investments added "We selected Netsafe as our initial investment in information security. We will be looking to expand our investments in products and business in telecommunications, information technology and internet applications with a global vision".
Labels: RHEA investments, Vakıf Girişim
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| RHEA Investments Acquires Majority Stake in SETA Medical Products |
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January 2010
The first of three investments in 2010 for Rhea Investments, SETA is Turkey’s leading manufacturer of disposable medical products, including disposable surgical drapes and gowns, and custom procedure trays. The proposed transaction values SETA Medical at $4.6 million.
Onur Takmak, Chairman of the Board for Vakıf Girisim and Chief Executive Officer of RHEA Investments announced "Disposable medical products are a global $75 Billion market poised for strong growth. SETA represents the leading edge of value added healthcare products and is our initial investment in innovative healthcare companies with regional and global growth aspirations".
Oguz Dagli, Chief Executive Officer of SETA Medical since 2005 commented "With this investment and partnership with RHEA, we are planning to grow our market share and our healthcare logistics capabilities exponentially targeting the Western European market".
Labels: RHEA investments, Vakıf Girişim
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| Bancroft Invests in Leading Turkish Coatings Group Kayalar Kimya |
| 30 April 2010 |
January, 2010
Bancroft Group, a private equity firm, is investing an undisclosed amount in Kayalar Kimya, a leading Turkish coatings group. The investment will be made through the private equity firm's third fund, Bancroft 3, which is targeting total commitments of EUR250 million for investments in Central and Eastern Europe as well as Central Asia and the Caucasus.
Kayalar Kimya is a Turkish producer and a market leader for a wide range of wood and decorative coatings and distributes a wide range of specialty chemicals. The company was founded in 1976.
Other Turkish investments from the Bancroft Group include:
September, 2006 - Standard Profil A. S., tier-one rubber profile and weather-strip manufacturer for European and Turkish car manufacturers.
July, 2007 - Eko Finans Factoring Hizmetleri A. S., a factoring services provider in Turkey with 15 branch offices countrywide, focusing on small to mid-sized enterprises.
Bancroft is a US private equity firm that has been active exclusively in the region of Eastern Europe since 1989
Labels: Bancroft, Eko Factoring, Kayalar Kimya, Standard Profil
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| The Carlyle Group Acquires 40 Percent of Turkey's Medical Park Hospitals |
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December, 2009
According to the Carlyle Group press release, Global private equity firm The Carlyle Group today announced it has acquired a 40 percent stake in Medical Park Sağlık Hizmetleri A. Ş., Turkey's second largest healthcare services company. The founding shareholders, the Sancak and Usta groups, will remain as significant investors in Medical Park. Carlyle's all-equity investment will be used primarily to finance the hospital company's continued expansion and reduce debt. Additional financial details were not released. The transaction closed on December 7, 2009.
Can Deldağ, Carlyle Managing Director and Head of the Turkish investment team, said, "We, as Carlyle, are very pleased to invest in a strong, growing company like Medical Park. The Turkish healthcare services sector shows great promise as patient demand for services has been high and is expected to grow steadily."
Medical Park (www.medicalpark.com.tr)was established in 2005 with two existing hospitals based in Istanbul dating from the mid-1990s. Through the development of new hospital projects in leading cities in Western Turkey, and the acquisition of single hospitals based in North and East Anatolia, Medical Park now owns and operates 13 hospitals with 2,000 beds as of 2009. Medical Park provides a diverse range of healthcare services with 800 physicians, 1,600 nurses and 2,800 support personnel.
Equity for this investment, Carlyle's second in the MENA region, will come from Carlyle MENA Partners, a $500 million growth capital and buyout fund that closed in March 2009.
Labels: Can Deldag, Carlyle Group, Medical Park, Sancak, Usta
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| Abu Dhabi's Invest AD Invests in Ekol Lojistik |
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November 2009
According to Invest Ad's press release, Abu Dhabi's Invest AD Invests 50 million Euros in Turkish Logistics Firm, Ekol Lojistik.
Abu Dhabi-based Invest AD is acquiring a significant minority stake in Ekol Lojistik, one of Turkey’s leading integrated logistics companies, for approximately 50 million Euros. The investment will be the first made through Invest AD Private Equity Partners II.
Invest AD's private equity fund, which aims to raise $400 million, is investing in fast growing companies in the Middle East and North Africa region, with a strong focus on Turkey, Saudi Arabia, Egypt and the United Arab Emirates.
EKOL, established in 1990, owns and operates 1,100 vehicles and 16 warehouses in Turkey and one cross-dock facility in Germany. Its team of 2000 people serves a long list of international and national blue-chip clients. The company offers integrated logistics services which include transportation, warehousing, foreign trade consulting and exhibition logistics and a number of value added services.
Labels: Ekol Lojistik, Invest AD
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Publisher: Jon H. Black
