M&A Advisory Leader
The Turkish M&A market again witnessed aremarkable year in 2012. Despite GDP growthslowing rom the high levels o 2010 and 2011,deal volume has grown to c. US$28 billionthrough 259 deals, an all-time high in terms onumber o deals and a volume similar to thepre-crisis peak achieved in 2005.Privatizations accomplished towards the end othe year and a couple o big ticket transactionsin the private sector made decisive contributionsto the annual deal volume. On the other hand,middle market transactions – as in 2011 – werethe engine o the activity and maintained themomentum.In terms o investors’ perspective, the solid fscalstanding and expanding economic activity inrecent years - also crowned by a sovereign creditrating upgrade - led Turkey to decouple romstruggling Eurozone countries. Turkish targets,thanks to their growth potential, attractedsignifcant interest rom both strategic andfnancial investors rom all around the world.Despite lowered growth orecasts and delayedrecovery in global markets, we were able to relyon Turkey’s dynamic middle market, promisingprivatization pipeline and keen private equityinterest or sustained M&A activity.On behal o our corporate fnance team inDeloitte Turkey, we are delighted to share ourannual Turkish M&A review, eaturing our analysesand views regarding the M&A market here.
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