Global M&A News, Advisor and Investor Profiles

Turkey

The latest news about Mergers & Acquisitions, Private Equity and Venture Capital in Turkey.

NBGI Private Equity Acquires Turkey's Sante Group

UK investor NBGI Private Equity has made its first Turkish deal by acquiring a majority stake in medical services provider Sante Group. The deal has been estimated to be worth as much as £16.8 million. NBGI officials cite the steady growth in Turkey's medical services industry, being driven by an aging population and increased medical spending, as one of the primary reasons for their investment.

KKR and TPG look to acquire broadcasting operations from Turkey's Dogan media group

The broadcasting assets of Dogan Yayin, Turkish media conglomerate, are attracting the interest of KKR and TPG. The two of the biggest US private equity businesses, together with Time Warner remained after the second round of bidding. Apax Partners and RTL dropped out of the auction earlier, as they considered the deal price too high. Bids target the television channels Kanal D and Star TV and are expected to exceed USE 1.5billion.

EBRD Joins IFC and UniCredit in Financing Turkish Energy Privatization

In a drive to help privatize energy distribution in Turkey, the EBRD has joined with International Finance Corp. (IFC) and UniCredit Bank AG to provide financing of up to USD $325 million. The financing package is being made available to the Akcez Enerji Yatirimlari Sanayi ve Ticaret A.S (Akcez) consortium and it's electricity distribution subsidiary Sakarya Elektrik Dagitim A.S. (SEDAS).

Citigroup and Two Co-Investors Planning Sale of Biofarma

Turkey's Biofarma, a leading generic drug maker, appears to be on the sale block as the company's three co-owners have distributed short sale documents and brought on JPMorgan to advise on the transaction. Citigroup Venture Capital International (CVCI) joins co-investors Partners in Life Sciences (PiLS) and Global Finance in hopes to get as much as USD 500 million out of the deal. CVCI and PiLS originally acquired Biofarma in 2007 for roughly USD 200 million.

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