Turkey

Turkey’s deal count is stabilising at around 200 deals a year, with 205 in 2019 compared to 193 in the preceding year. The country did however lack mega deals of EUR 1bn and above, which resulted in a moderate EUR 4.36bn deal value, the lowest in quite some years.

Manufacturing strengthened its position as the most active sector by deal count, with 44, and also leads by deal value, at EUR 1.16bn. Domestic deal-making remains very strong, while interest from investors from Asia and the Middle East is also high.

Volume and number of deals

Top five deals

	#1 Target: Yavuz Sultan Selim Bridge and Northern Marmara Highway Sector: Transportation & Logistics Stake: 51% Buyer: Jiangsu Expressway; Sichuan Expressway; China Merchants Union; Anhui Expressway; Zhejiang Expressway; others Country of buyer: China; Hong Kong Deal Value: 621,7m Value Source: 1
	#2 Target: Istanbul Tower 205 Sector: Real Estate & Construction Stake: 100% Buyer: Industrial and Commercial Bank of China Country of buyer: China Deal Value: EUR 536,3m Value Source: 1
	#3 Target: Kumas Manyezit Sanayi Sector: Manufacturing Stake: 100% Buyer: RHI Magnesita Country of buyer: Austria Deal Value: EUR 447,5m Value Source: 2
	#4 Target: Boyner Perakende Sector: Whoesale & Retail Stake: 43,9% Buyer: Mayhoola for Investments Country of buyer: Qatar Deal Value: EUR 356,7m Value Source: 1
	#5 Target: Yapi ve Kredi Bankasi Sector: Finance & Insurance Stake: 9% Buyer: Koc Holding Country of buyer: Turkey Deal Value: EUR 255,9m Value Source: 1

Value Source:

Official data
Market estimate provided by EMIS and based on publicly available information
EMIS estimate

Top three sectors

Manufacturing:
44 deals

Telecoms & IT:
33 deals

Real Estate & Construction:
24 deals

Key contacts

Contact

Döne Yalçın

Partner

Managing Partner Turkey

T +90 212 4014260

Alican Babalioglu

Managing Partner