| The Turkish Private Equity Industry: With all these questions, where are the answers? |
| 03 December 2006 |
If one were to analyze the Private Equity Industry in Turkey, one might come to a quick realization upon their search, and then state clearly, "There is no industry!" Now, before all you VC's rush to object, this blogger must ask you, how forthcoming have you been to share this knowledge? Have the goals that you set long ago really been achieved? Despite all the economic and asymmetric excuses that you may entail, one only has to look as far as the Turkish Private Equity and Venture Capital Association's website only to find that it hasn't been updated since 2004.
Do we still have an industry in its infancy, or are the constraints of minority shareholder rights, government legislation and an emerging market economy constricting our efforts? In addition, the idea that VC's are over-protective and deliberately withholding this information as proprietary could be said to directly conflict with the objective of the Grandstanding Hypothesis. So where are the results? Who is currently doing research, and where is it posted? Therefore, to comply with its objectives, and as a budding industry with many questions, this blog wishes you to comment on: "Where are all the answers?"
 First and foremost, let us revisit the issue of the Turkish Private Equity and Venture Capital Association website. It has all the basics: general information, a mission statement, a hierarchy of the board, and contact information. It is probably fairly certain that the application for VC registration receives a relatively low hit-count. Despite all of this, the TVCA News and Publications page provides a fairly comprehensive selection of English and Turkish white papers and publications. However, and as mentioned before, it hasn't been updated for 3 years.
According to Thomson Financial, for 2006, in the PE industry worldwide, $421 billion has been spent on buying companies, which only represents 17% of the total M&A globally. For Europe, $159 billion was spent. It can only be speculated how much of this pie made it to Turkey, or how much Turkey wishes to obtain in the future. This is why a motivated push toward greater communication between colleagues in this industry needs to occur. Let's use this forum as a starting point; a launch pad to further comments suggestions, networking and publication of highly relevant information – for the benefit of this industry and country.
For further update, I urge the TVCA, fellow colleagues and bloggers to contact this site and set the record straight. In addition, if you have any announcements or press releases that you would like to be posted here, please contact us.
 Technorati Tags: Private Equity, TurkVCA, Turkey, Thompson Financial, M&A
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Publisher: Jon H. Black
