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- EBRD invests in Çağatay, pet food producer, as a minority shareholder
- Investment to support growth and increase competitiveness
- Çağatay has a growing e-commerce presence and considerable export potential
The European Bank for Reconstruction and Development (EBRD) is acquiring a minority stake in Çağatay Evcil Hayvan Mamaları ve Yem Ürünleri San. ve Tic. A.Ş., a pet food producer based in Türkiye.
Çağatay manufactures high-quality dry pet food under its own brands and competes with global brands on the Turkish and export markets. The company has a strong direct-to-consumer e-commerce platform and a notable export footprint in 55 countries.
The Bank is joined by Turkven, a private equity firm focused on Türkiye, and the International Finance Corporation (IFC).
The new shareholders will support the company in realising its growth potential and increasing its competitiveness in the pet food sector by expanding production capacity with a new facility and upgrading technological infrastructure.
The project will also broaden opportunities for Çağatay’s workforce, contributing to overall employment in the sector.
Wojtek Boniaszczuk, Head of Transactions in the EBRD’s Food and Agribusiness team, said: “We are proud to support Çağatay’s growth and partner with Turkven and IFC in this important investment. Together, we aim to play a meaningful role in the company’s journey towards becoming a stronger and more competitive player in the sector.”
Aksel Şahin, a senior executive at Turkven, commented: “We have been impressed with Çağatay’s truly differentiated direct-to-consumer based sales model, well positioned to benefit from e-commerce tailwinds, and its strong manufacturing capabilities. We look forward to augmenting the company’s multiple growth initiatives and delivering its high-quality products to a much wider customer base.”
The EBRD is one of Türkiye’s key investors, with more than €22 billion committed through 499 projects and trade finance limits since 2009, largely in the private sector.