M&A Activity in the Turkish Retail Sector
The Turkish retail sector has been a focus for both strategic
players and private equity firms in recent years and the eagerness
of investors to exploit the opportunities in the market has been
steadily increasing. In this respect, 2013 was a highly active year
for the sector as 31 transactions (including e-commerce deals) took
place with an estimated deal value of US$1.2 billion, the highest
deal volume for the sector in the post-crisis period.
Mainly backed by private equity and venture capital firms,
internet retailing continued to increase its popularity among
investors with 13 transactions out of 31 in 2013.
In the first five months of 2014, 12 deals were materialized, a
much higher number than in the same period of 2013.
