European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is an international financial institution established in 1991 and headquartered in London, United Kingdom. Its primary mission is to foster economic development in Central and Eastern Europe, as well as in the Middle East and Africa, by providing project financing to banks, industries, and businesses. The EBRD focuses on supporting new ventures and facilitating investments in existing companies, while also assisting publicly owned entities in privatizing and restructuring municipal services. The bank engages in equity investments and provides various forms of debt financing, including senior, subordinated, mezzanine, and convertible debt. By collaborating with commercial partners and financial intermediaries, such as local banks and equity funds, the EBRD aims to enhance private sector growth and development across multiple sectors. Through its extensive experience, the EBRD has invested more than €130 billion in over 5,200 projects, playing a significant role in advancing economic transformation in the regions it serves.

Maria Barsuk

Investor

Odile Renaud Basso

President

Matteo Colangeli

Regional Director, Western Balkans

Mark Davis Ph.D

Managing Director, Southern and Eastern Mediterranean

Susan Goeransson

Director of Infrastructure Europe and Sustainable Infrastructure Group

Zsuzsanna Hargitai

Managing Director, Small and Medium Enterprises Finance and Development

Zoltan Hopka

Investor

Natalia Lacorzana

Director, Natural Resources

Francis Malige

Managing Director for Financial Institutions

Andreea Moraru

Director and Regional Head of Greece and Cyprus

Tamás Nagy

Director, Equity Partner and Co-Head of Private Equity

Nandita Parshad

Managing Director, Sustainable Infrastructure Group

Odile Renaud-Basso

President and Member of the Executive Committee

Jürgen Rigterink

First Vice President, Chairman and Head of Client Services Group

Kanako Sekine

Managing Director, Portfolio

Melis Tabojer

Director and Head of European Union Banks and Structured Finance

Paul Vlaanderen

Director

Aleksandra Vukosavljevic

Director, Financial Institutions, Western Balkans and Eastern Europe

Dirk Werner

Managing Director, Equity

Natalia Zhukova

Director and Head, Agribusiness

Grzegorz Zielinski

Director and Head of Energy Europe

Alistair Clark Ph.D

Managing Director, Environment and Sustainability Department

Heike Harmgart

Managing Director for Sub-Saharan Africa

Past deals in Middle East

Bank of Palestine

Post in 2024
Bank of Palestine is a prominent financial institution operating in Palestine, focusing on a diverse range of banking services. Its main business segments include retail banking, corporate banking, and treasury services. The retail banking segment is the bank's primary revenue generator, offering services such as consumer loans, overdrafts, credit card facilities, and managing individual customer deposits. In the corporate banking sector, Bank of Palestine caters to corporate and institutional clients by providing loans, credit facilities, and deposit accounts. Additionally, the bank's treasury services encompass trading and other treasury-related activities, contributing to its overall financial operations. Through these comprehensive offerings, Bank of Palestine aims to meet the diverse financial needs of its individual and corporate customers.

Rönesans Gayrimenkul Yatırım

Debt Financing in 2024
Rönesans Gayrimenkul Yatırım A.Ş. is a prominent commercial real estate development and investment company based in Turkey, operating under the Rönesans Group. The company specializes in the development and investment of various real estate projects, including shopping centers, office buildings, and mixed-use developments across multiple cities in Turkey. In addition to its development activities, Rönesans Gayrimenkul Yatırım is engaged in the leasing and management of the properties it develops, leveraging its subsidiaries to enhance its operational capabilities in the real estate market.

Enerjisa Enerji

Post in 2024
Enerjisa Enerji AS is a prominent electricity distribution and retail company in Turkey, established in 1996 to address the electricity needs of Sabancı companies. Operating within a regulated sector, the company serves three regions and conducts its distribution and retail operations through various subsidiaries. One of its key subsidiaries, Enerjisa Musteri Cozumleri, focuses on customer solutions and distributed generation, enhancing the company’s commitment to meeting diverse energy needs. Enerjisa Enerji plays a significant role in the Turkish energy market, contributing to the development of sustainable energy solutions and efficient electricity distribution.

İşbank

Post in 2023
İşbank was founded by Great Leader Mustafa Kemal Atatürk on the date of 26.08.1924. In the 91 years since its foundation, the Bank has made significant contributions to our country and taken various parts in their country’s development in many different fields, particularly in industry and trade. By the end of 2015, as the largest private bank in Turkey that has more than 25 thousand employees; around 1,400 local and overseas branches; the largest Bankamatik network in Turkey consisting of over 6,000 Bankamatiks; mobile banking, internet banking, telephone banking, and call center services, İşbank has provided its clients with access to banking services in the fastest way possible, and with the opportunity to choose, from a very wide range of financial products, the most convenient ones offered to them by the Bank and its affiliates.

Sasa Polyester Sanayi

Post in 2023
Sasa Polyester Sanayi A.S., founded in 1966 and headquartered in Adana, Turkey, specializes in the production and marketing of polyester fibers, yarns, and related products, as well as polyester chips. The company's diverse product range includes specialty polymers and chemicals such as thermoplastic polyester elastomers, dimethyl terephthalate, and various polymer solutions. Sasa Polyester also offers fiberfill, nonwoven materials, and a variety of filament yarns, including draw textured and partially oriented yarns. Operating both domestically and internationally, the company is a subsidiary of Erdemoglu Holding A.S. and generates revenue primarily through the sale of its extensive product offerings in the polyester industry.

Yapı Kredi Bankası

Post in 2023
Yapi Kredi Bankasi, established in 1944, is one of the first nationwide private banks in Turkey. It is engaged in credit cards, assets management, non-cash loans, leasing, factoring, private pension funds and non-life insurance. It is 80% owned by Koc Finansal Hizmetler (KFH), whose combined financial services network consists of over 13 million customers and 835 branches in Turkey. Yapi Kredi was acquired by Mehmet Emin Karamehmet's Çukurova Holding in 1984. In 2003, Çukurova Holding reached an agreement with the Turkish bank regulator to sell the majority of its shares in Yapi Kredi within two years. In 2005, the majority of shares in Yapi Kredi was acquired by the owners of Koçbank. Koç Finansal Hizmetler (KFH) was an equal partnership between Koç Holding and Italian banking giant, Unicredit. In 2006, Koçbank was merged into Yapı Kredi, leaving 80% of Yapi Kredi owned by KFS.

İşbank

Post in 2023
İşbank was founded by Great Leader Mustafa Kemal Atatürk on the date of 26.08.1924. In the 91 years since its foundation, the Bank has made significant contributions to our country and taken various parts in their country’s development in many different fields, particularly in industry and trade. By the end of 2015, as the largest private bank in Turkey that has more than 25 thousand employees; around 1,400 local and overseas branches; the largest Bankamatik network in Turkey consisting of over 6,000 Bankamatiks; mobile banking, internet banking, telephone banking, and call center services, İşbank has provided its clients with access to banking services in the fastest way possible, and with the opportunity to choose, from a very wide range of financial products, the most convenient ones offered to them by the Bank and its affiliates.

Akbank

Post in 2023
Akbank, established in 1948 and headquartered in Istanbul, Turkey, is a commercial bank that offers a wide range of banking services. Its core activities include corporate and investment banking, commercial banking, small and medium enterprises banking, and retail banking. Additionally, Akbank provides payment systems, treasury transactions, private banking, and international banking services. The bank also engages in the insurance sector through its subsidiaries, Aksigorta A.Ş. and AvivaSA Emeklilik ve Hayat A.Ş. This diverse portfolio allows Akbank to cater to various economic, financial, and commercial needs.

QNB Finansbank

Debt Financing in 2023
QNB Finansbank A.S. is a prominent banking institution in Turkey, providing a wide range of financial products and services aimed at individual and commercial customers. Founded in 1987 and headquartered in Istanbul, the bank offers various deposit accounts, consumer, auto, and mortgage loans, along with payment services and insurance products covering life, auto, and property. Additionally, the bank provides investment solutions, including treasury bills, mutual funds, and private portfolio management, as well as comprehensive corporate banking services such as cash management, foreign trade financing, and financial leasing. With a focus on innovation, QNB Finansbank develops tailored solutions to meet unique customer needs. The bank operates through an extensive network of branches, including domestic, offshore, and airport locations, and is a subsidiary of Qatar National Bank. Recognized as Turkey's fifth-largest bank by consolidated assets, QNB Finansbank is committed to supporting the financial growth of both individuals and businesses in the region.

DenizBank

Debt Financing in 2023
DenizBank is a commercial banking institution founded in 1938 and headquartered in Istanbul, Turkey. Originally established to support the growing maritime sector, it has evolved to offer a wide range of financial services, including personal loans, business loans, agricultural loans, commercial and retail cards, treasury management, investment products, and insurance services. Since its acquisition by Sberbank of Russia in 2012, DenizBank has operated as a subsidiary of this leading global financial institution, which serves millions of individual and corporate clients across multiple countries. The bank focuses on providing comprehensive banking solutions to meet the diverse needs of its customers.

Türk Ekonomi Bankası

Debt Financing in 2023
Türk Ekonomi Bankası A.Ş. (TEB) is a prominent financial institution in Turkey, established in 1927 as Kocaeli Bankası T.A.Ş. It provides a wide range of banking products and services catering to retail, corporate, and small to medium-sized enterprise customers. TEB operates through various segments, including Retail and Private Banking, SME Banking, Corporate Banking, and Treasury and Asset-Liability Management. The bank offers services such as deposit accounts, various loan types, payment solutions, and online banking. Additionally, TEB provides brokerage services, investment funds, and a comprehensive array of insurance products. The bank also engages in advisory services related to capital market instruments, business evaluations, and mergers and acquisitions. TEB has a robust network, featuring 471 branches and 1,728 ATMs across Turkey. It has been recognized for its prudent management practices and has a strategic partnership with BNP Paribas, enhancing its market presence. Headquartered in Istanbul, TEB continues to expand its operations, supporting both individual and corporate financial needs.

Enerjisa Enerji

Post in 2023
Enerjisa Enerji AS is a prominent electricity distribution and retail company in Turkey, established in 1996 to address the electricity needs of Sabancı companies. Operating within a regulated sector, the company serves three regions and conducts its distribution and retail operations through various subsidiaries. One of its key subsidiaries, Enerjisa Musteri Cozumleri, focuses on customer solutions and distributed generation, enhancing the company’s commitment to meeting diverse energy needs. Enerjisa Enerji plays a significant role in the Turkish energy market, contributing to the development of sustainable energy solutions and efficient electricity distribution.

Ford Otosan

Post in 2022
Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles. Ford Otosan was founded on 1959 and is headquartered in Istanbul, Turkey.

QNB Finansleasing

Debt Financing in 2022
QNB Finansleasing is a Turkey-based company specializing in leasing services across various sectors. The company provides financing solutions for wind turbines and solar power plants, heavy machinery, automobiles, medical equipment, agricultural equipment, and printing equipment. With a focus on meeting the financial needs of institutions, QNB Finansleasing aims to deliver efficient and straightforward leasing options that facilitate investment while maintaining control over the leased assets.

İşbank

Post in 2022
İşbank was founded by Great Leader Mustafa Kemal Atatürk on the date of 26.08.1924. In the 91 years since its foundation, the Bank has made significant contributions to our country and taken various parts in their country’s development in many different fields, particularly in industry and trade. By the end of 2015, as the largest private bank in Turkey that has more than 25 thousand employees; around 1,400 local and overseas branches; the largest Bankamatik network in Turkey consisting of over 6,000 Bankamatiks; mobile banking, internet banking, telephone banking, and call center services, İşbank has provided its clients with access to banking services in the fastest way possible, and with the opportunity to choose, from a very wide range of financial products, the most convenient ones offered to them by the Bank and its affiliates.

QNB Finansbank

Debt Financing in 2022
QNB Finansbank A.S. is a prominent banking institution in Turkey, providing a wide range of financial products and services aimed at individual and commercial customers. Founded in 1987 and headquartered in Istanbul, the bank offers various deposit accounts, consumer, auto, and mortgage loans, along with payment services and insurance products covering life, auto, and property. Additionally, the bank provides investment solutions, including treasury bills, mutual funds, and private portfolio management, as well as comprehensive corporate banking services such as cash management, foreign trade financing, and financial leasing. With a focus on innovation, QNB Finansbank develops tailored solutions to meet unique customer needs. The bank operates through an extensive network of branches, including domestic, offshore, and airport locations, and is a subsidiary of Qatar National Bank. Recognized as Turkey's fifth-largest bank by consolidated assets, QNB Finansbank is committed to supporting the financial growth of both individuals and businesses in the region.

Enerjisa Enerji

Post in 2021
Enerjisa Enerji AS is a prominent electricity distribution and retail company in Turkey, established in 1996 to address the electricity needs of Sabancı companies. Operating within a regulated sector, the company serves three regions and conducts its distribution and retail operations through various subsidiaries. One of its key subsidiaries, Enerjisa Musteri Cozumleri, focuses on customer solutions and distributed generation, enhancing the company’s commitment to meeting diverse energy needs. Enerjisa Enerji plays a significant role in the Turkish energy market, contributing to the development of sustainable energy solutions and efficient electricity distribution.

National Bank of Kuwait

Debt Financing in 2021
National Bank of Kuwait (NBK), established in 1952, is the first indigenous bank and shareholding company in the Gulf region. Renowned for its stability and strategic management, NBK provides a comprehensive range of financial and investment services to individual, corporate, and institutional clients. The bank has earned a reputation for excellence, characterized by consistent profitability, high asset quality, and strong capitalization. With a significant market share, NBK serves a diverse and expanding clientele in the region. Its extensive overseas branch network positions it as a key player in major global financial centers. The bank offers various financial products, including working capital loans, letters of credit, project finance, and syndications, catering to sectors such as petrochemicals, oil and gas, power and water, renewables, and infrastructure.

Biotrend Energy

Post in 2021
Biotrend Energy is a Turkish waste-to-energy firm.

Ford Otosan

Post in 2021
Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles. Ford Otosan was founded on 1959 and is headquartered in Istanbul, Turkey.

obilet.com

Series C in 2021
Obilet.com, founded in 2012, is an end-to-end ticketing platform listing hundreds of bus operators, airlines and ferry companies as well as offerings from hotels and car rental companies. Obilet also provides bus operators with its best-in-class Inventory Management System (IMS) as a SaaS. Obilet is the indisputable market leader in Turkey both in B2B and B2C segments with 400+ bus carriers using its IMS software, 25 million visitors per month, and 15 million app downloads. Obilet is projected to sell more than 40 million tickets annually in 2024, making it one of the top-3 bus ticketing platforms in the world. Obilet also set its vision to be the one-stop-shop for whole needs of users regarding the tourism and travel products by expanding its category offerings with the addition of hotel booking and car rental services. Moreover, Obilet has launched its international expansion project in H2 2022, has one of the largest coverage of markets globally.

Hellas Direct

Venture Round in 2021
Hellas Direct is a Cyprus-based digital-first insurance company that leverages advanced technology and artificial intelligence to offer competitive pricing on car, motorcycle, and home insurance. The company operates as a full-stack insurer, utilizing algorithms and analytics to streamline the insurance process and compare various offers, thereby simplifying the experience for clients. Backed by prominent investors such as Portag3 and the International Finance Corporation, Hellas Direct seeks to transform the traditional insurance value chain by emphasizing operational excellence and customer-centric solutions.

Hazelcast

Series D in 2020
Hazelcast, Inc. specializes in developing an open-source data distribution platform designed for Java applications. The company offers a range of solutions, including an in-memory data grid that facilitates the sharing and partitioning of application data across clusters. Its stream processing engine, Hazelcast Jet, supports continuous intelligence by ingesting and processing data in real time. Additionally, the Hazelcast Management Center provides a web-based interface for monitoring and managing clusters, allowing users to track system performance and update configurations. Hazelcast's unified platform integrates fast data storage with stream processing, enabling businesses to streamline their real-time architectures for applications in artificial intelligence and machine learning. Founded in 2008 and headquartered in Palo Alto, California, with a research office in Istanbul, Turkey, Hazelcast serves a diverse clientele, including notable organizations across various industries.

obilet.com

Series C in 2019
Obilet.com, founded in 2012, is an end-to-end ticketing platform listing hundreds of bus operators, airlines and ferry companies as well as offerings from hotels and car rental companies. Obilet also provides bus operators with its best-in-class Inventory Management System (IMS) as a SaaS. Obilet is the indisputable market leader in Turkey both in B2B and B2C segments with 400+ bus carriers using its IMS software, 25 million visitors per month, and 15 million app downloads. Obilet is projected to sell more than 40 million tickets annually in 2024, making it one of the top-3 bus ticketing platforms in the world. Obilet also set its vision to be the one-stop-shop for whole needs of users regarding the tourism and travel products by expanding its category offerings with the addition of hotel booking and car rental services. Moreover, Obilet has launched its international expansion project in H2 2022, has one of the largest coverage of markets globally.

Ford Otosan

Post in 2017
Ford Otosan is a publicly traded company that manufactures, assembles, imports, exports, and sells motor vehicles and spare parts. The company provides commercial, transit and transit custom, and transit courier vehicles, and cargo trucks, as well as engines and powertrain products for trucks and transit vehicles. Ford Otosan was founded on 1959 and is headquartered in Istanbul, Turkey.

Onedio

Series B in 2016
Onedio is a prominent new media platform headquartered in Turkey, specializing in online news publishing. It offers a diverse array of content including videos, articles, humorous lists, and interactive tests, catering primarily to a youthful audience aged 18 to 30. As of June 2016, Onedio was recognized as the most visited website in Turkey, attracting over 90 million monthly visits and more than 25 million unique visitors, predominantly from mobile devices. The platform also publishes content in Russian and English, which supports its potential for international expansion. With a robust technical infrastructure, Onedio is well-positioned to facilitate native advertising and further scaling of its services.

BRN Sleep Products

Private Equity Round in 2015
BRN Sleep Products is a privately held manufacturer based in Kayseri, Turkey, specializing in sleep-related products. The company produces a range of items including mattresses, covers, box springs, and adjustable beds. By focusing on cost-effective solutions, BRN Sleep Products aims to provide customers with quality sleep products at competitive prices.

Evim.net

Series A in 2013
Evim.net is a membership-based private shopping platform based in Turkey, specializing in home decoration and accessories. The site offers a diverse selection of products, including home textiles, kitchenware, small appliances, mother-child products, and household electronics. Members can purchase these items at significantly discounted prices, with savings of up to 80%. The platform also encourages member engagement by allowing users to invite friends to join, expanding its community of shoppers. Through its user-friendly e-commerce interface, Evim.net provides customers with numerous options for decorating their homes effectively and affordably.
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