NEWS & VIEWS

Global private equity and venture capital news and research

Abraaj hopes to ‘turn at least one Turkish opportunity into reality’ in 2014

19 Dec 2013

Turkey Turkish flagEmerging markets private equity giant The Abraaj Group said it plans to make at least one more Turkish investment next year.

The firm bought a “significant” stake in Istanbul-based student accommodation provider Republika Academic Apartments in the summer, and has exited five businesses in the country since its first Turkish deal in 2007.

Selcuk Yorgancioglu, Abraaj’s central Asia and Turkey head, told Bloomberg the firm would have an active 2014 and wanted to “have at least one opportunity turned into reality”.

He said that although Turkish assets were more expensive than those in other countries it was still an attractive market thanks to its economic growth and young population.

He added, “Investment potential for private equity is huge in Turkey.

“We like the assets from the industries which have consumers in their direct focus.”

Abraaj’s recent deals in Turkey included the exit from health insurance company Acibadem Sigorta, which was acquired by Malaysia’s state-backed investment fund Khazanah Nasional Berhad.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014