Ýþ Private Equity, the only PE fund that completed seven exits in the last five years in Turkey as of 2010, delivered superior returns to its shareholders.
• A total of US$ 7 mio investment made in two tranches between 12/2005 and 02/2006.
• A restructuring of US$ 19 mio.
• Tüyap, the pioneer in fair and exhibition industry in Turkey, capitalizing on Turkey’s strategic location.
• Active management resulted in improving operating margins.
• Increased efficiency and profitability as a result of financial discipline.
• Elimination of unprofitable fairs.
• Close monitoring of costs.
• Hiring CFO.
• Implementation of new IT infrastructure to enhance financial reporting capabilities.
• Improving working capital need.
• Introduction of corporate governance policies and principles.
• Continued growth through expansion into a new fair ground.
• Financial restructuring and refinancing have decreased cost of capital.
• Strengthening of the deteriorated balance sheet.
Exit to founding shareholders in February 2007, 14 months after initial investment: Quickest exit in history of Turkish private equity industry with an USD based IRR of 45.75%
