About M&A in Turkey

Better m&a outlook for Turkey

Like every other business, the global market for mergers and acquisitions (M&A) has taken a huge hit, and with banks collapsing on what seems to be a regular basis, the outlook for M&A Ð both private equity as well as corporate-to-corporate -- is unclear.
Nevertheless, there are some parts of the world where the M&A business has not been so badly affected by the global downturn. Experts point to Turkey as one bright spot in an otherwise bleak landscape, and a place where the prospect for future buyout deals seems positive.

Growing number of m&a deals in Turkey

 Over the past couple of years, many global and regional private equity funds have begun to view Turkey as a key market for M&A deals. According to Deloitte & ToucheÕs 2007 Private Equity Confidence Survey, private equity funds committed $2.7 billion to Turkish M&A in 2007, an increase from the $2.3 billion recorded for 2006. "Although respondents are influenced by the negative consequences of the current financial crisis internationally, the acquisition of Migros TŸrk by BC Partners-Turkven indicates that [private equity] investors still have confidence in the Turkish market for the long term," the Deloitte survey states.

The corporate finance landscape in Turkey

 According to the "Mid-year 2008 Assessment," prepared by Deloitte and the Turkish weekly Ekonomist magazine, thus far this year in Turkey there have been 92 M&A deals with total transaction volume of $11 billion, representing an increase over the same period of last year, when total M&A transactions reached $10.5 billion. Many of these were multi-million dollar deals, not least British American TobaccoÕs (BAT) acquisition of a 100% stake in TurkeyÕs alcohol and tobacco monopolyÕs (Tekel) tobacco division for a whopping $1.72 billion. But experts believe that the smaller end of the spectrum is where there will be the most amount of activity going forward, given the global credit crunch and the corporate finance landscape in Turkey.

The growing Turkish economy

The prospect for continued M&A in Turkey is also bolstered by the strength of the Turkish economy, which has been steadily growing since 2001 and currently is in much better shape than that of the United States and other economies in Europe, says Barkan Baybogan, CEO of Istanbul-based BYCap Advisors LLC. High oil prices have also spurred the amount of investment going into the Middle East and North Africa (MENA) region in general and Turkey remains a key part of that dynamic, he says.

Consolidation industries in Turkey

On the M&A front in Turkey, the key industries targeted for acquisition deals are energy (traditional as well as alternative); transportation and logistics; manufacturing and construction. In each sector, there is a strong need for consolidation and many local Turkish players are seeking to sell out to overseas companies in their particular area of business. Buying a company in Turkey will be a trend to continue for some time.

The future of m&a in Turkey

"We expect a great number of cross-over deals in these industries as they are many sellers looking for buyers," Baybogan says. "But it isnÕt only Turkish businesses that are looking to sell themselves: The Turkish government is also very eager to sell public assets. The philosophy of privatization has been strong since the 2007 elections and the government continues to support it."

Deals M&A in Turkey

Due to developments in the European market more and more company owners buy or sell a company in Turkey. Here we have selected some cross border deals. See more on Turkish cross border deals

Background Team Corporate Finance In Europe in Turkey

Whenever someone wants to buy or sell a company in Turkey we are the preferred partner. Within our European network we work with native country specialists who know their country inside out. See more on m&a advisory Turkey 

We assist with the buy as well as with the sell side of a company. Learn more about how we buy a company or how we sell a company

Corporate finance in Turkey

Corporate Finance in Europe has a good understanding of the requirements and strategies of most companies in the logistics and transportation industry and can help potential sellers with a success full sale of their logistics/transportation or forwarding company.

About Corporate Finance in Europe

Corporate Finance in Europe is a European M&A firm that provides corporate finance services to European companies. Corporate Finance in Europe is mainly active in European cross border M&A transactions. Corporate Finance in Europe assists European business owners sell their companies to international buyers to offer them the best deal possible. Thanks to our team's background we are able to find the most suitable acquirers in Europe as well as in the USA.

Contact Information:
Govert Derks, Managing Director
Corporate Finance in Europe
5691 RK Son en Breugel, the Netherlands
Phone: +31-6-24629234      Fax: +31-84-724-9511
govert@corporatefinanceineurope.eu