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

TURKEY graph

Top five deals

Transport
#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

Real estate
#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

Manufacturing
#3

Target: Kumas Manyezit Sanayi
Sector: Manufacturing
Stake: 100%
Buyer: RHI Magnesita
Country of buyer: Austria
Deal Value: EUR 447,5m
Value Source: 2

Wholesale
#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

Finance
#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:

  1. Official data
  2. Market estimate provided by EMIS and based on publicly available information
  3. EMIS estimate

Top three sectors

Manufacturing

Manufacturing:
44 deals

Telecoms

Telecoms & IT:
33 deals

Real estate

Real Estate & Construction:
24 deals

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Picture of Döne Yalçın
Döne Yalçın
Managing Partner Turkey
Alican Babalioglu
Alican Babalioglu
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