Raiffeisen Investment successfully completed the sale of Şişli Optik to Magrabi Optical

Magrabi Optical, the leading eye-care retailer group in the Middle East and North Africa, completed the acquisition of majority stake in Şişli Optik A.Ş., one of the leading optical retailers in Turkey. Raiffeisen Investment acted as the sell-side advisor of Sisli Optik in this transaction.

About Sisli Optik

Şişli Optik is one of the leading optical retailers in Turkey with a nationwide network of 17 stores. Established in 1975, Şişli Optik offers eyewear products of prestigious brands. Having a strong brand recognition, Şişli Optik has prime locations in the selected shopping malls as well as highly popular shopping districts in Turkey.

About Magrabi Optical

Magrabi Optical is the leading eye-care retailer group in the Middle East and North Africa. Magrabi Optical operates over 160 outlets, making it the largest ophthalmic eyewear and sunglasses retail chain in the Middle East and North Africa. Magrabi Optical’s stores are located in the most prestigious malls and shopping districts throughout the Middle East, the Gulf and North Africa offering high-quality and tailored optical care through a range of exclusive brands.

About Raiffeisen Investment

Raiffeisen Investment is one of the leading Corporate Finance Advisory firms in Emerging Europe with a strong network in 17 countries and more than 100 professionals. Raiffeisen Investment ranks among the leading investment banks in Turkey with 27 transactions completed since 2009 with a total deal value of more than USD 11.7bn.

For further information please contact:

Gokce Kabatepe – Managing Director, Country Head
E-mail: g.kabatepe(at)raiffeisen-investment.com
Oytun Ozer – Director
E-mail: o.ozer(at)raiffeisen-investment.com

Raiffeisen Investment - Turkey
Bahtiyarlar Sok. No. 8 Etiler, 34337 Istanbul, Turkey
Phone: +90 212 287 10 80
Fax: +90 212 287 10 90