Investment Summary

Great Circle Capital Exits Balnak Logistics Group

On November 7, 2012, invested in transportation company Balnak Logistics Group from Great Circle Capital

Investment Highlights
  • This is transaction in the Transportation sector.
  • This is transaction in Turkey.

Investment Summary

Date 2012-11-07
Target Balnak Logistics Group
Sector Transportation
Sellers(s) Great Circle Capital
Deal Type Trade Sale

Target

Balnak Logistics Group

Istanbul, Turkey
Balnak Logistics Group is a full service 3PL company providing freight forwarding, warehouse operations, international and domestic transportation, customs clearance, and value-added services. The company has revenues of about $80 million and employs 450 employees.

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Seller(S) 1

SELLER

Great Circle Capital

Fairfield, Connecticut, United States

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Great Circle Capital is a specialist private equity firm that previously managed a fund focused on opportunities in transportation. Specific sub-sectors of interest included transportation infrastructure, shipping, transportation operating companies, logistics/freight forwarding, energy services, and transportation assets. Great Circle generally focused on businesses in Russia, the former Soviet states, Southeastern Europe, Turkey, and the Baltic States. Great Circle Capital is based in Fairfield, Connecticut.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 1 of 1
Type: Trade Sale M&A Deals 2 of 2
Country: Turkey M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-14 Naftrans

Georgia

Naftrans Limited transships crude oil and refined products through the Batumi Oil Terminal located on the Black Sea.

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