The whole worth of merger and acquisition (M&A) transactions in Türkiye is estimated to have reached $10.1 billion in 2024, together with undisclosed offers, in keeping with KPMG Türkiye.
Türkiye’s latest financial insurance policies positively impacted M&A actions with a rise in transaction quantity all through 2024, the M&A advisory companion stated, including that it predicts the optimistic momentum can be maintained in 2025.
The worth of disclosed mergers and acquisitions was some $5.3 billion, KPMG Türkiye stated because it introduced its annual report on Thursday, which stated there have been 475 offers final yr.
M&A disclosed offers totaled $2.8 billion in 2023, rising to $7.5 billion together with these undisclosed.
Despite a dip in deal quantity, transaction values noticed a “record” surge, the corporate stated.
Among the largest offers in 2024 was the acquisition of a 65.4% stake in e-commerce know-how platform Hepsiburada by Kazakhstan-based banking and fintech big Kaspi.kz for $1.1 billion.
It was adopted by a $500 million late-stage funding in tech platform Insider by U.S.-based personal fairness agency General Atlantic.
Investors are excited about telecommunications, industrial manufacturing and automotive sectors in Türkiye, and curiosity in these sectors will proceed in 2025, KPMG Türkiye M&A advisory companion, client items and retail chief Özge Ilhan Acar stated.
Acar attributed the elevated curiosity to the conclusion of elections, removing from the Financial Action Task Force’s (FATF) “grey list,” and declining inflation.
“For instance, a private equity firm that had never considered Türkiye before has signed a confidentiality agreement to invest in a company operating in the industrial manufacturing sector,” she stated.
A German firm is excited about a number of Turkish insurance coverage corporations, and there may be some motion in Türkiye’s banking sector in 2025, she added.
Company officers additionally said that overseas traders are notably within the insurance coverage and complementary well being sectors.
Source: www.dailysabah.com