|Fideltus Capital, a leading independent corporate finance advisory company in Turkey, and Berlin-based IEG Investment Banking have signed an agreement between the two companies to focus on Corporate Finance Advisory, Institutional Placements and Principal Investments.
IEG is one of Europe's leading independent investment banking houses for mid-cap companies, entrepreneurs and institutional investors.
It looks as if the deal is of significant strategic importance for both companies, aiding Fideltus to better brand recognition, funding relations, and investments abroad, while IEG will "centralize" in Turkey, making investments and using it as a springboard for further investments in the Middle East and North Africa.
"We will target the mid-cap client group, which has a business potential of between $5 and $250 million in corporate finance advisory," said Stefan C. Heilmann, IEG managing director. "Turkey has strong economic fundamentals, which is a key point for our clients."
The deal is also very interesting because again it points out not only the gap of private equity players in the Turkish market, but also it may prove that other Turkish financial advisories in Turkey may be up for grabs for further partnerships. The amount and type of investment deals that have been done in the last year alone have peaked quite an interest in Turkey, and the investment range signaled by this agreement has great potential, given the number of Turkish SMEs.
More details regarding the deal (in Turkish) from Referans Gazetesi: "Fideltus ile IEG güç birleştirdi, hedef küçük Goldman olmak"
In English from the TDN: "External causes behind recent turmoil"
Labels: Fideltus Capital, IEG, MENA, Partnerships