M&A Activity in the Turkish Retail Sector
The Turkish retail sector has been a focus for both strategic players and private equity firms in recent years and the eagerness of investors to exploit the opportunities in the market has been steadily increasing. In this respect, 2013 was a highly active year for the sector as 31 transactions (including e-commerce deals) took place with an estimated deal value of US$1.2 billion, the highest deal volume for the sector in the post-crisis period.
Mainly backed by private equity and venture capital firms, internet retailing continued to increase its popularity among investors with 13 transactions out of 31 in 2013.
In the first five months of 2014, 12 deals were materialized, a much higher number than in the same period of 2013.
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