Yıldız Holding has completed the sale of 10% in the share capital of ŞOK Marketler Ticaret A.Ş. ("ŞOK"), Turkey's leading discount chain store, to Templeton Strategic Emerging Fund IV, LDC ("TSEMF IV").
Established in 1995, ŞOK was acquired by Yıldız Holding Group in 2011. Under the management of Yıldız Holding, ŞOK has become a leading discount store chain, operating with over 2,000 plus stores in 69 cities in Turkey as at 2013.
TSEMF IV is managed by Templeton Asset Management ("TAML"), a Singapore based company with more than 50 investment professionals in 18 offices located throughout the emerging markets. TAML currently manages over USD 50 billion in assets as at June 2013.
Ünlü Menkul Değerler A.Ş. ("Ünlü & Co", formerly Standard Ünlü Menkul Değerler A.Ş.) acted as the exclusive financial advisor to Yıldız Holding.
Ünlü & Co is the market leader in corporate finance advisory transactions specializing in cross border mergers and acquisitions, disposals, formation of strategic alliances, joint ventures, private placements and public offers in Turkey. This transaction was the fifth M&A transaction of Ünlü & Co in 2013 following Dentaş, Turkent, DiaSA and Kamil Koç.