Investment Summary

Bancroft Private Equity Invests In Tatilsepeti

On January 26, 2013, private equity firm Bancroft Private Equity invested in internet software and services company Tatilsepeti

Investment Highlights
  • This is Bancroft Private Equity’s 1st transaction in the Internet Software and Services sector.
  • This is Bancroft Private Equity’s 4th transaction in Turkey.

Investment Summary

Date 2013-01-26
Target Tatilsepeti
Sector Internet Software and Services
Investor(s) Bancroft Private Equity
Deal Type Growth Capital

Target

Tatilsepeti

Istanbul, Turkey
Tatilsepeti is a tourism portal that has been serving millions of visitors with holiday options. Tatilsepeti.com is the major tourism portal in Turkey with over 18 million visitors, 10 million of which are unique visitors. Tatilsepeti.com, which is the leader in the online domestic travel sales sector, made an agreement with Expedia, one of the biggest travel portals in the world, and began overseas sales of holiday packages. Tatilsepeti was founded in 2002 and is based in Istanbul, Turkey.

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Investor(S) 1

Investor

Bancroft Private Equity

Jersey, Channel Islands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bancroft Private Equity is a private equity group focused on Eastern Europe, including Greece, the Balkans, and Turkey. The Firm's latest fund looks to invest €10 to €30 million in mature companies, led by experienced management teams with successful track records. Bancroft only considers majority positions and will consider all industries except real estate, tobacco, gambling, and liquor. Bancroft was originally established in 1989 and is based in Vienna.


DEAL STATS #
Overall 9 of 10
Sector: Internet Software and Services M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
Country: Turkey M&A 4 of 4
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Graniser Granit Seramik San. ve Tic.

Manisa, Turkey

Graniser Granit Seramik San. ve Tic. is engaged in the business of manufacturing and distributing ceramic and porcelain floor and wall tiles. Graniser produces and sells single and double – fired wall, floor and glazed tiles in various sizes and over 5.000 varieties, also decor, listellos in its 275.000 m² acre plant which is founded on Akhisar/Manisa, 70km from izmir, in Aegean Region, Turkey and established sales outlets serving customers around the world. Graniser Granit Seramik San. ve Tic. was founded in 1997 and is based in Manisa, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 Starman

Tallinn, Estonia

Starman is a cable TV operator, that provides several bundled service packages offering "triple play" service: video programs, broadband internet connection, and voice telephony. It is also involved in the provision of terrestrial digital video services. Starman was founded in 1992 and is based in Tallinn, Estonia.

Sell €107M