| 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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| Turkven Invests in Tekin Acar Cosmetics |
| 27 May 2008 |
This will probably not be the last post regarding Turkven Private Equity and its disbursement of its $400+ Million TPEF II Fund. Turkven's latest investment consists of Tekin Acar Cosmetics - the largest selective cosmetics retailer in Turkey with over 40 stores located in 15 cities and a market share of 35%. The Company sells perfumes, skin care, make-up, sun and other products and employs approximately 400 people.
Turkven Managing Director Seymur Tari added: "The Company is well positioned to reach its operational and financial targets with an investment budget of YTL20 million and no financial debt." Turkven Principal Sepin Sinanlioglu Inceer added: "We plan to increase the total number of stores to 100, our market share to 40% and our turnover to YTL150 million."
 Commenting on the transaction, Chairman Tekin Acar said: "Our partnership with Turkven will help us better execute our ambitious growth plan in the coming years. Our goal is to increase our market share through geographic expansion and to continue to offer a wide selection of selective cosmetics products to our customers at affordable prices."
Turkven was advised by Baker & McKenzie, Paksoy, Davutoglu (legal), GBC (industry) and PricewaterhouseCoopers (financial & tax).
The Sellers were advised by Standard Unlu (financial advisor), Guzeldere and Karaosmanoglu (legal).
It would be interesting to know what is the timeline for this investment with the growth of stores and turnover or what equity stake was taken by Turkven, but unfortunately this information was not given.
Labels: Seymur Tari, Standard Unlu, Tekin Acar, Turkven
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Publisher: Jon H. Black
