Turkven Private Equity Fund III

Location:

Turkey

Project number:

43377

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

31 Jan 2012

Status:

Signed

PSD disclosed:

21 Dec 2011

Translated version of this PSD: Turkish

Project Description

The EBRD is considering providing an equity investment of up to €50 million to Turkish Private Equity Fund III. (“TPEF III” or the “Fund”), a private equity investment fund to be registered as a Guernsey limited partnership.

The Fund will seek to achieve long-term capital growth by providing €25 – 75 million per deal of buyout or expansion capital to leading Turkish mid-market companies operating in growth industries and generating revenues of €40 – 200 million.

Transition Impact

The Fund Manager is expected to achieve strong transition impact through:

(i) Accelerating the growth and development of high potential Turkish middle-market companies through the provision of expansion capital and operational support.
(ii) Increasing the profile of private equity as a valuable source of capital to entrepreneurs.
(iii) Demonstrating the attractiveness of Turkey as a private equity investment destination.

The Client

The Fund will be managed by Turk Venture Partners III Limited (the “GP” or “Fund Manager”), a Guernsey limited company.

Turkven is the most experienced and longest established independent private equity firm in Turkey. Since its founding in 2000, it has built the largest Turkish on-the-ground presence of any private equity firm and developed an extensive track record of hands-on working with its portfolio companies on operational issues.

EBRD Finance

Equity investment of USD 25 million.

Project Cost

The target size of the Fund is USD 840 million.

Environmental Impact

Categorised FI.

The Fund will be required to comply with EBRD Performance Requirements 2 (Labour and Working Conditions) and 9 (Financial Intermediaries) and implement the EBRD's Environmental and Social Procedures for Active Equity Investments. The Fund should ensure investee companies comply with national environmental, OHS, social and labour standards.

The Fund will be required submit annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact

Seymur Tari, Managing Director
Turkven Private Equity
Muallim Naci Cad No. 40
Ortakoy Istanbul Turkey 34347
Tel: +90-212-326-8400
Fax: +90-212-326-8484

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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