Istanbul/London/Vienna – On November 18th, 2013, Mediterra Capital Management Limited (“Mediterra Capital”) agreed to acquire a 49% stake formerly held by Ashmore Group in Arzum Elektrikli Ev Aletleri A.S. (“Arzum”), the well-known and successful Turkey based small household appliances company established by the Kolbasi family. Arzum has a Turkey-wide distribution network of traditional and organized retail channels as well as extensive after-sales service capabilities.
Mediterra Capital is an independent private equity firm focused on investing in Turkish companies. Mediterra Capital launched its debut fund, Mediterra Capital Partners I, in January 2013. The fund is backed by a number of institutional investors as well as prominent Turkish industrialist families and entrepreneurs as limited partners in the fund.
Raiffeisen Investment and 3U Finance acted as the sell-side co-advisors of Ashmore Group on the transaction, and 3U Finance also acted as the exclusive sell-side advisor to Kolbasi family.
In 2013, Raiffeisen Investment Turkey successfully completed 30 transactions with a total deal value of around USD 15 billion.
About Raiffeisen Investment Turkey
Raiffeisen Investment is one of the leading Corporate Finance Advisory firms in Emerging Europe with a strong network in 17 countries. Raiffeisen Investment ranks among the leading investment banks in Turkey with 30 transactions completed since 2009 with a total deal value of more than USD 15 billion.
For further information please contact:
Andrea Pelinka-Kinz
Phone: + 43 (0) 1 515 20-614
E-Mail: pelinka-kinz@rcb.at
