ÜNLÜ & Co advised Akfen Holding on the sale of 40% stake for an amount of USD 869 mn in Turkey’s leading port operator Mersin International Port
The share purchase agreement for the 40% minority share sale to IFM Investors for an amount of 869 mn USD in Turkey’s leading port operator Mersin International Port (“MIP”), has been signed between Akfen Holding and IFM Investors. ÜNLÜ Menkul Değerler A.Ş. (“ÜNLÜ & Co”), the leading investment banking services and asset management group in Turkey, acted as the financial advisor of Akfen Holding.
İbrahim Romano, ÜNLÜ & Co Corporate Finance Managing Director, sharing information about the partnership and the process, expressed, “This transaction is a reaffirmation of the confidence the foreign investors have in Turkey’s long term growth potential. We are profoundly pleased to be involved in such an important partnership”.
The recent transactions ÜNLÜ & Co has successfully completed include; the sell-side advisory to the shareholders of Asset Medikal in their sales of majority shareholding to Pera Capital, and sell-side advisory to Korozo Ambalaj and its shareholders in their partnership with Actera Group.
Since the beginning of the year, ÜNLÜ & Co completed the private placement of Sabancı Holding (USD 100 million) shares to international institutional investors. On the Debt Capital Markets front, ÜNLÜ & Co provided financial advisory for Çalık Enerji’s 150 million TL and Gözde Girişim’s 175 million TL corporate bond issuance transactions, reaching a total transaction volume of 325 million TL and 15% market share in Turkish Lira .
Akfen: Akfen Holding is one of Turkey’s top infrastructure investment holdings. Akfen Holding invests in, manages and coordinates its subsidiaries and affiliates active in industries such as airport management and operations, construction, port operations, marine transport, water distribution and waste water services, energy and real estate.
IFM Investors: IFM Investors is a pioneer and leader in infrastructure investing on behalf of institutional investors globally, managing US$30 billion in infrastructure on behalf of more than 210 institutional investors, investing together in this long-term asset class. IFM investors target core infrastructure in developed markets and currently have interests in 30 investments across Australia, North America and Europe.