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Case Studies 1: Cinemars
mars
İş 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.
 
Case Studies 2: Tüyap
tüyap
 
Case Studies 3: Beyaz Filo Kiralama
beyaz
 
Case Studies 4: Step - Stepevi
beyaz
 
 
 
   
• A total of US$3.5m investment made in two tranches in 07/2004 and 04/2006
   
 
   
• Capitalizing on booming Turkish retail and construction industries
• Export potential: Ability to roll-out the business model into Middle East and Europe through various sales channels
   
 
Pre-Investment
During exit
Growth
   No. of Locations
34
62
82%
   Sales Area (m2)
3.374
6.606
96%
   No. of Personnel
136
188
38%
 
 
 
• Strong presence in domestic market
   - Number of domestic stores increased from 14 to 26 during partnership
• Robust international growth
   - Own store in London
   - Cooperation with global players: Supplier to top-tier furniture chains Natuzzi and Roche Bobois
   - Corners in Harrods (London), ABC Carpets (New York), Lutz (Vienna)
• Franchisee stores in various cities in Middle East and South Africa
• Share of exports increased from 5.6% to 40.8% during partnership
• Hiring CFO
 

Is PE made a successful exit to a private equity company on 07/2008 with 19.04% IRR (Internal Rate of Return) on USD basis and 1.93x money multiple (Proceeds generated from the sale of shares divided by the amount of invesment)

 
 
© 2007 İş Private Equity