Selected Transactions

AERTiCKET, Germany-based provider of flight tickets, hotel reservations and car rental services to travel agencies and online portals, has acquired an undisclosed stake in Akdeniz Pe-tur, the leading airline ticket consolidator and travel service provider in Turkey and the owner of B2B online ticket sales platform BiletBank.

3 Seas Capital Partners has acted as the exclusive financial and strategic advisor to the shareholders of Akdeniz Pe-tur during the process.

Global Three Ltd., the UK based an investment holding company having interest in the online start-ups, alternative technologies, space travel, has made an investment in Sadeceon.com, a web-based platform connecting service providers with customers in various sectors.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Sadeceon.com during the process

Startershub, a web-based platform providing support services for startups has received an investment of 22 million TL from Netmarble Turkey, Turkey based subsidiary of Netmarble, a leading South Korea based online games publisher, MV Holding, a Turkey based holding company having interest in technology, and Gedik Yatırım, a Turkey based investment company.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Netmarble Turkey during the process.

The Abraaj Group, middle east based private equity firm, has agreed to acquire a minority stake in Hepsiburada, market leader in online shopping in Turkey.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to The Abraaj Group during the process.

SHR İnteraktif Servisler A.Ş., regional broadcast right holder of popular games like Wolfteam, Genghis Khan 2, MStar, S2 and Zombirock in Turkey, has sold a 50% stake to CJ Games, a subsidiary of CJ Group, one of the largest holding companies in South Korea.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to the shareholders of SHR during the process.

The Tiger Global Private Investment Partners, a New York based private equity fund, acquired minority interest in Mynet, the number one Turkish Internet portal.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Mynet and its shareholders on the sale.

Fiba Sağlık Yatırımları A.Ş., a Fiba Group company, has acquired a 50% stake in Florence Nightingale Hastaneleri Holding A.Ş., one of the most prestigious health groups in Turkey.

3 Seas Capital Partners acted as exclusive financial and strategic advisor to Florence Nightingale Hastaneleri shareholders during the process.

Turkey-based pharmaceuticals company Urfar İlaç has acquired Bilim İlaç, one of the leading manufacturers of pharmaceuticals in Turkey.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to the shareholders of selling Bilim İlaç during the process.

Turkey-based pharmaceuticals company Urfar İlaç has acquired Hüsnü Arsan İlaçları, one of the leading manufacturers of pharmaceuticals in Turkey.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to the shareholders of selling Hüsnü Arsan during the process.

Mid Europa Partners, a London based independent private equity firm, has acquired a 65% stake in Kent Hastane Grubu, a leading private hospital operator based in Izmir, Turkey.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to the shareholders of Kent Hastane Grubu throughout the process.

Saya Grup, one of the leading investment holdings in Turkey, has acquired Multicar, an operational fleet leasing company and a subsidiary of Turkey’s leading fintech group, Multinet.
3 Seas Capital Partners has acted as the exclusive strategic and financial advisor to the shareholders of Multinet during the process.

Hedef Filo, one of the largest operational fleet leasing companies in Turkey, has agreed to acquire 100% stake in Alfa Filo, a leading fleet leasing company in Turkey.

3 Seas Capital Partners has acted as financial and strategic advisor to Hedef Filo during the process.

Multinet Up, a new generation technology and service company, has acquired a 50.1% stake in ininal, one of the leading financial technology providers in Turkey.

3 Seas Capital Partners has acted as financial and strategic advisor to the shareholders of Multinet UP during the process.

One of the top three payment voucher firms in the world, France based Groupe Cheque Dejeuner has acquired Sí Vale,  one of the leading Mexican firms in payment vouchers and meal cards business for a sum of 120 million USD. 
3 Seas Capital Partners has acted as financial and strategic advisor to Groupe Cheque Dejeuner throughout the process.

One of the top three payment voucher firms in the world, France based Groupe Cheque Dejeuner has acquired Multinet Kurumsal Hizmetler A.Ş., one of the leading Turkish firms in payment vouchers and meal cards business for a sum of 90 million USD.
3 Seas Capital Partners has acted as the exclusive financial and strategic advisor to Groupe Cheque Dejeuner throughout the process.

Bancroft, a private equity firm that has been active exclusively in the region of Central and Eastern Europe since 1989, acquired minority interest in Eko Finans Factoring, which is a factoring services provider in Turkey with 15 branch offices countrywide, focusing on small to mid-sized enterprises.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Eko Finans Factoring and its shareholders on the sale.

Mid Europa Partners, the UK based private equity firm, has agreed to acquire Customer Management Center (CMC), market leading independent outsourced call center services provider in Turkey, from ISS Facility Services, world’s leading facility services company.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to ISS during the process.

In March 2008, Azerbaijan Information and Communication Technologies Ministry privatized the remaining 35.7% shares of Azercell, which is the largest GSM operator in Azerbaijan with more than 3 million subscribers.
Fintur Holding, a joint venture between TeliaSonera and Turkcell, acquired the remaining 35.7% shares of Azercell

TeliaSonera, the leading telecommunications company in the Nordic and Baltic region, has acquired 100 percent of the shares in MCT, a US based company with majority controlling shareholdings in three Central Asian GSM operators in Uzbekistan and Tajikistan and a small minority interest in the leading GSM operator in Afghanistan, for an enterprise value of approximately 300 million USD. The acquired assets will be operated by Fintur Holdings, a subsidiary of TeliaSonera with majority shareholding in leading mobile operators in Kazakhstan, Azerbaijan, Georgia and Moldova. 3 Seas Capital Partners has acted as the strategic advisor to Fintur Holdings throughout the process.

The Abraaj Group, Middle East based private equity firm, has agreed to acquire a majority stake in Yörsan, one of the largest dairy producers in Turkey.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to The Abraaj Group during the process.

Turkey-based cosmetics company, Kar Kozmetik has acquired shares of Kopaş Kozmetik, one of the leading manufacturers of cosmetics in Turkey, from Bilfar Holding.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Kar Kozmetik during the process.

Gönenli Süt ve Süt Ürünleri, Turkey based dairy products producer, has acquired Danone’s, the France based leading dairy products producer, dairy production facilities located in Balıkesir, Gönen.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Danone during the process.

Antalya Alkollü İçecekler, the Turkey based alcoholic beverages producer, has acquired Maestro Gin and Hare Liqueur businesses of Mey İçki, Turkey’s leading alcoholic beverages producer and a subsidiary of Diageo Plc, the UK based leading alcoholic beverages producer.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Mey İçki throughout the process.

Kerten Private Equity, Ireland based private equity firm, has bought a minority share in Elit Çikolata ve Şekerleme, which is one of the first chocolate and confectionery factories in Turkey.

3 Seas Capital Partners has acted as the exclusive financial and strategic advisor to Elit Çikolata ve Şekerleme shareholders throughout the process.

Coca Cola İçecek, the listed Turkish bottler and distributor of non-alcoholic beverages, has acquired certain assets, rights and licenses of Sandras Su Gıda Turizm Taşımacılık İnşaat A.Ş., the Turkey-based company engaged in water bottling business, from Turkon Holding, one of the most established groups in Turkey.

Alternatif SuperApp, a Turkey-based provider of financial technology solutions, has secured a USD 4.7 million investment at a valuation of USD 62.5 million from a group of investors including Qinvest Portföy, APY Ventures Bilişim Vadisi GSYF, Fonangels, and CapitalTurk Holding.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Alternatif SuperApp and its shareholders during the process.

QBS Technology Group, the United Kingdom based software group has acquired a majority stake in İnfonet Bilgi Teknolojileri A.Ş., the Turkey based leading value-added distributor of IT security products. 

3 Seas Capital Partners has acted as the strategic and financial advisor to İnfonet and its shareholders during the process.

Logo Yazılm, a listed Turkey-based company that develops software products for business applications, has acquired Totalsoft, a Romania-based company that develops ERP software solutions, from Global Finance, a Greece-based private equity firm.

3 Seas Capital Partners acted as the financial and strategic advisor to Global Finance during the process.

Comparex AG, one of the world’s leading global IT companies, has agreed to acquire a majority stake in Dataserv Bilişim Teknolojileri A.Ş. specializing in the fields of IT Security and Optimization.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Dataserv during the process.

Penta Teknoloji Urunleri,Turkey-based distributor of consumer electronics products and a subsidiary of Yıldız Holding, has acquired Ekip Elektronik A.S.,Turkey-based distributor of consumer electronics and consumables, and its affiliate , Beyaz Iletisim A.Ş., provider of network solutions.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Ekip Elektronik A.Ş. during the process.

Securitas AB, the Sweden based global security services provider, has acquired 51% stake in Sensormatic Guvenlik Hizmetleri A.Ş., the Turkey based company engaged in providing technical security services. 3 Seas Capital Partners acted as the exclusive financial and strategic advisor to shareholders of Sensormatic in the transaction.

A U.S. base private equity firm Invus has invested in Turkey’s leading wireless network equipments manufacturer Airties as a minority shareholder.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Invus Group and partners throughout the process.

Levant Capital, middle east based private equity firm, has agreed to acquire a majority stake in Panço, Turkey based manufacturer of children’s wear.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Panço during the process.

Global Capital Management, the alternative asset management arm of Kuwait based Global Investment House has invested in Turkey’s leading women apparel and accessories brand Yargıcı.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Yargıcı in the transaction.

Coflusa Group, the Spanish retail group, has agreed to acquire majority shareholding in the Unitim Holding subsidiary that operates 15 Camper stores in Turkey from Unitim Holding through an asset sale transaction.

Unitim Holding, which has been the owner of the exclusive franchising and distribution rights of fashion brand Tommy Hilfiger in Turkey and several CIS countries since 1998, has transferred all Tommy Hilfiger stores operating in Turkey along with the exclusive franchising and distribution rights of the brand to Tommy Hilfiger Marka Dagitim ve Ticaret A.Ş., the Turkey based retail firm and an affiliate of Tommy Hilfiger Europe BV.

Demsa İç ve Dış Ticaret A.Ş., the Turkey based retail firm, has agreed to acquire Harvey Nichols Istanbul, the Istanbul franchise of the UK based luxury department store from UnitimHolding.

Certain assets belonging to İstanbul based Maxi Supermarkets; the supermarket chain belonging to  Hamoğlu Group, has been acquired by Migros, one of the leading retail groups in Turkey. 

Marmedsa, the leading shipping and logistics company on the Iberian Peninsula, has acquired a majority stake in Komet Turizm ve Denizcilik, a leading Turkey-based international forwarding company.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Komet Turizm ve Denizcilik during the process.

Kumport Liman Hizmetleri Lojistik Sanayi ve Ticaret A.Ş., one of Turkey’s leading container ports, was acquired by Fina Holding A.Ş. and Turkon Konteyner Taşımacılık ve Denizcilik A.Ş. for 255 million USD.

ISBI, Turkey’s leading free trade zone & logistics center management company has acquired majority shareholding in Doba Investments Ltd., which is the founder and operator of Famagusta Free Zone in Cyprus.

The Japan based Kawasaki Kisen Kaisha Line (“K-Line”), one of the largest sea freight service providers, and Panda Denizcilik have formed a JV under the name of K-Line Türkiye.

3 Seas Capital Partners acted as exclusive financial and investment advisor to the shareholders of Panda Shipping.

Dogus Holding, one of Turkey’s largest conglomerates, has acquired Kartal Otel Marmaris Turizm İsletmeciligi A.Ş., the company which owns and operates Marmaris Select Maris Hotel from Turkon Holding, one of the most established groups in Turkey.

Kerten Private Equity, Ireland based private equity firm, has bought a 50% shares in The House Apart, one of Turkey’s emerging names in accommodation & hospitality services.
3 Seas Capital Partners has acted as the exclusive financial and strategic advisor to The House Apart shareholders throughout the process.

Kendir Keten Sanayi T.A.Ş. was acquired by Mak-Yol İnşaat Sanayi Turizm ve Ticaret A.Ş. and Boğaziçi Yatırımları A.Ş.

Boğaziçi Turizm Yatırım Ltd., an Istanbul based tourism investment company, acquired Yeniköy Turizm Yatırım Ltd., the Istanbul based real estate Investment Company, which owns the operating rights for Sait Halim Pasa Mansion located on in Yeniköy, on the Bosphorus.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Boğaziçi Turizm Yatırım Ltd. and its shareholders.

Calucem, the Crotia-based calcium aluminate cement producer, has acquired all of the shares of Lütfullah E. Kitapçı Madencilik San. ve Tic. A.Ş., Turkey’s leading mining company active in emery mine production.

3 Seas Capital Partners has acted as financial and strategic advisor to the shareholders Kitapçı Madencilik during the process.

Fina Enerji Holding, a Fiba Group company, has acquired a 70% stake in Polyak Enerji Üretim Madencilik San. Tic. A.Ş., a company engaged in energy generation.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Fina Enerji Holding, during the process.

Prima Energy, a subsidiary of the Russian natural gas company Gazprombank, acquired 60% of Avrasya Gaz, one of the prominent natural gas distributors in Turkey, from Hakan Karadayı, the private investor and Tahincioglu Holding.

3 Seas Capital Partners acted as the exclusive financial and strategic advisor to Hakan Karadayı throughout the process.

Czech Republic based energy company Energo-Pro has acquired Aralık, Hamzalı and Resadiye Kaskatı hydroelectric power plants with a total generation capacity of 81 MW, from the leading Turkish groups, TURKON Holding and MNG Holding for a sum of USD 380 million.

3 Seas Capital Partners has acted as the exclusive financial and strategic advisor to TURKON Holding and MNG Holding shareholders throughout the process.