Mr. Ihsan Sancay, Partner at Global Capital Management stated, “We have been impressed by the solid financial and operational performance of Yargici and talented team behind this successful story. We see both geographic expansion potential for the business and long term prospects for this valuable brand in the sector, and are committed to working together with our valuable partner and the professional management team.”
It is worth mentioning that this is the second acquisition done by the Fund in Turkey this year. In February 2011, the Fund announced acquisition of 80% of Biçakcilar Tibbi Cihazlar A.S. and its group of companies (Biçakcilar), the leading manufacturer of medical equipment and disposables, and distributor of cardiovascular and neurosurgery products in Turkey.
The Fund was advised by Esin Law Firm (legal), PricewaterhouseCoopers (industry and financial), and Erdikler (tax), whereas the Sellers were advised by 3 Seas Capital Partners and Pekin & Bayar.
Global Capital Management is a leading alternative asset management firm in the MENA region managing five private equity funds, four real estate funds and seven hedge funds with an experienced team of more than 30 professionals based in Kuwait, Dubai, Cairo and Istanbul.
Global Capital Management LTD
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