M&A volume in Turkey increased by 8 percent compared to last year
This year, the volume of M&A transactions in Turkey reached $11 billion with an increase of 8 percent compared to the previous year, reaching the highest level in the post-pandemic period.
According to the 2022 M&A report announced by Deloitte Turkey, the highest number of transactions ever was made with more than 400 transactions this year.
According to the report, although some large-scale transactions were decisive in the total annual transaction volume in Turkey, the top 10 transactions made up about 50 percent of the total volume.
TVF-TÜRK TELEKOM ATTENDED THE SUMMIT
15 percent of the transaction volume came from the Turkey Wealth Fund-Türk Telekom transaction, which was the largest transaction of the year at $1.65 billion.
“The technology, mobile and internet, e-commerce and gaming sectors were the most attractive sectors for venture capital,” the report said. In this area, the investments of Getir ($768 million), Dream Games ($255 million) and Insider ($121 million) stood out.
On the other hand, the value of transactions made by private equity funds decreased significantly from $2.3 billion in 2021 to $390 million in 2022. Private equity funds and other financial investors made a total of five exits. (Reuters)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
