3U Finance and
Raiffeisen Investment have successfully advised the sale of 49% stake in
Arzum owned by Ashmore Funds to Mediterra
On November 18th, 2013, Mediterra Capital Management Limited (“Mediterra
Capital”) agreed to acquire 49% stake formerly held by Ashmore Funds in
Arzum Elektrikli Ev Aletleri A.S. (“Arzum”), the well known and
successful Turkey based small household appliances company established
3U Finance and Raiffeisen Investment acted as the sell-side co-advisors
of Ashmore Funds and Kolbasi Family on the transaction.
Arzum, the leader of small domestic appliances market in Turkey, was
established in 1966. Having a nationwide distribution network of
traditional & organized retail channels as well as extensive after-sales
service capabilities, Arzum provides a large variety of products in
numerous categories. Arzum’s international operations include offices in
Hong Kong and Munich as well as extensive distributorship network in
almost 30 countries throughout 4 continents (www.arzum.com.tr).
About Ashmore Group
With a primary focus on emerging market investments, Ashmore Group is a
specialist investment manager having an experience of over twenty years
in these markets. Based in London, Ashmore Group was established in
1992. Ashmore Group currently manages USD 78.5 billion (as of Sep. 30,
2013) in pooled funds, segregated accounts and structured products.
Mediterra Capital is an independent private equity firm focused on
investing in Turkish companies. Mediterra Capital launched its debut
fund, Mediterra Capital Partners I, in January 2013 at €164 million. The
Fund is backed by a number of institutional investors as well as
prominent Turkish industrialist families and entrepreneurs as Limited
Partners in the fund. More information could be found at www.mediterracapital.com.
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 31 transactions completed since 2009
with a total deal value of more than USD 15 billion.
About 3U Finance
3U Finance, established in 2002, provides Corporate Finance and Strategic Advisory services. The management team of 3U Finance has vast amount of experience in corporate finance services and M&A advisory in Turkey with selected credentials including origination of the advisory project of Türk Telekom privatization, project finance for the BOT project of Dalaman Airport, financial advisory in the share sale of Arzum to Ashmore Funds, financial advisory in the %50 sale of G2M Food Distribution to Actera PE, advisory in the sale of Emsan Kitchenware brand to Karaca Group, among others.
For further information please contact:
Ediz Urhan, Managing Partner
Uphill Court Towers, A Blok Kat:26 No:146
34758 Batý Atasehir, Istanbul, Turkey
Phone: +90 216 688 62 58