M&A Deal Summary

BC Partners and Turkven Private Equity Acquire Migros Turk T.A.S

On February 14, 2008, private equity firms BC Partners and Turkven Private Equity acquired retailer Migros Turk T.A.S for 1.7B EUR

Acquisition Highlights
  • This is BC Partners’ 2nd and Turkven Private Equity’s 1st transaction in the Retail sector.
  • This is BC Partners’ 15th and Turkven Private Equity’s largest (disclosed) transaction.
  • This is BC Partners’ 1st and Turkven Private Equity’s 9th transaction in Turkey.
Investment Fate
  • Migros Turk T.A.S was sold to a strategic buyer in 2014 for 2.3B EUR.

M&A Deal Summary
Date 2008-02-14
Target Migros Turk T.A.S
Sector Retail
Buyer(s) BC Partners
Turkven Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.7B EUR

Target

Migros Turk T.A.S

Istanbul, Turkey
website
Migros Turk T.A.S is a Turkish food retailer with a circa 22 % share of the organised food retail market. The group operates more than 900 stores, and is present in 55 cities throughout all seven Turkish regions, making it the only truly national food retailer in Turkey.

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Buyer(S) 2

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.

DEAL STATS #
Overall 36 of 95
Sector (Retail) 2 of 6
Type (Buyout (LBO, MBO, MBI)) 21 of 32
Country (Turkey) 1 of 1
Year (2008) 2 of 3
Size (of disclosed) 15 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Intelsat Global SA

Grand-Duchy, Luxembourg

Intelsat Global SA is a provider of fixed satellite services worldwide, delivering advanced transmission access for information and entertainment to some of the world’s leading media and network companies, multi-national corporations, internet service providers and governmental agencies. Intelsat was formed in 1965 and is based in Luxembourg.

Buy €12.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-14 SGB-SMIT

Regensburg, Germany

SGB-SMIT is a manufacturer and distributor of power transformers worldwide. SGB-SMIT Group supplies products in line with demand, adapted to the customers and their requirements. Company key objective has been ever since the complete satisfaction of customers. SGB-SMIT was founded in 1921 and is based in Regensburg, Germany.

Buy -
Buyer

Turkven Private Equity

Istanbul, Turkey

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Turkven Private Equity is an independent private equity firm targeting opportunities in Turkey. Turkven looks for situations requiring buyout, expansion and refinancing capital and will consider majority or minority investment positions. Prospective companies typically generate sales of $30 to $500 million. The Firm does not have any sector preferences. Turkven was formed in 2000 and is based in Istanbul.

DEAL STATS #
Overall 9 of 22
Sector (Retail) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 17
Country (Turkey) 9 of 22
Year (2008) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Next Generation Media

Istanbul, Turkey

Next Generation Media operates as an indoor integrated media marketing company in Turkey. It focuses on corporate projects. Next Generation Media was founded in 2002 and is based in Istanbul, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-21 Tekin Acar

Istanbul, Turkey

Tekin Acar Cosmetics operates as a cosmetics retailer in Turkey.

Buy -
Mergr

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