DenizBank was founded in 1938 as a state-owned bank in order to provide funding for the developing Turkish maritime sector. Acquired by Zorlu Holding from the Privatization Administration as a banking license in early 1997, DenizBank was further acquired in October 2006 by Dexia, a leading financial group in Europe. Continuing its activities under Dexia umbrella for 6 years, DenizBank operates as from 28 September 2012 under the roof of Sberbank of Russia, Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries.
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.
Turk Ekonomi Bankasi (Turkish Economy Bank), abbreviated TEB, was founded in 1927 by private capital holders as a regional bank under the name of Kocaeli Bankasi T.A.S. in Izmit, Turkey. In 1981, the Bank was purchased by a group who changed the name of the Bank to Türk Ekonomi Bankası in 1982. The Bank has been reputed for its successful management and cautiousness since, being active in commercial and private banking. In March 2005, TEB has signed a joint venture agreement with the French BNP Paribas SA, one of the largest financial associations in the world. TEB is aggressively expanding its retail network in Turkey since and has more than 240 branches as of 2Q 2007. Mr. Varol Civil is the CEO of the bank. TEB has also two other subsidiaries outside Turkey. TEB NV (The Economy Bank) in the Netherlands, and TEB Sh.A. in Kosovo.
Polat Enerji generates approximately 1.6 billion kWh of electricity.
QNB Finansbank A.S. provides various banking products and services in Turkey. It offers deposit products, including savings, daily yield, gold, and payroll accounts; time and demand deposits; consumer, auto, and mortgage loans; payments services; safe deposit boxes; and various insurance products comprising life, workplace, unemployment, auto, home, professional liability, personal accident, and agriculture insurance. The company also provides investment products, such as treasury bills and government bonds, bank bills and bank bonds, Eurobonds, mutual funds, capital guaranteed and exchange traded funds, deposits fund, derivatives, and repo and stocks, as well as private portfolio products. In addition, it offers cash management, foreign trade, and corporate banking services; and financial leasing and factoring services, as well as private pension products. Further, the company provides portfolio management, custody, and asset and wealth management; international banking; and merchant services. Additionally, it offers wholesale and commercial banking products, including structured and project finance, transaction banking, financial institutions, treasury, investment banking, and advisory services. As of December 31, 2019, it operated through a network of 523 domestic branches, 1 offshore branch, and 1 airport branch. The company was formerly known as Finansbank A.S. and changed its name to QNB Finansbank A.S. in January 2018. The company was founded in 1987 and is headquartered in Istanbul, Turkey. QNB Finansbank A.S. operates as a subsidiary of Qatar National Bank (Q.P.S.C.).
Modanisa is an online fashion retailer for women's Islamic clothing, dresses and accessories. The site offers clothing and accessories to women of all ages and offers shipping and delivery all over the world. The site also trends latest hijab styles for women along with fashion tips for the Muslim regions. Designer abayas and jilbabs, Kayra, Armine, Aker and Tekbir are also sold online.
Param is a financial technology company that provides products that allow businesses of every size and individuals to send and receive payments online cost-effectively and securely. We deliver products of prepaid cards, virtual POS, payment processing software, application programming interfaces ideally suited for online merchants, individuals and others currently underserved by traditional payment mechanisms. Today, our customers around the world use dozens of Param’s innovative products to make 5.6B TRY transaction in volumes and have 3.75 million cards in total. Param's services, which lets users send payments 24/7 online, can be used from computers or web-enabled mobile phones. Param has more than 200 employees and continues to add new members to its family. It aims to be a leader in the scope of financial technology in Turkey, Europe, and the Middle East.
Land'Or Société Anonyme produces and sells cheese products worldwide. It offers processed and food preparation cheese products in various forms, including triangles and squares, grated and sliced, and block forms, as well as spreadable and pizza cheeses. The company provides its products under the Land'Or, Fondant, and MozzaPizza, brands to the retail, hotel, restaurant, consumer, industrial, importing, and professional markets. Land'Or Société Anonyme was founded in 1994 and is based in Tunis, Tunisia.
Enerjisa Enerji A.S. operates as electricity distribution and retail company in Turkey. It distributes electricity in Baskent, Ayedas, and Toroslar regions. The company is operating in a regulated sector and serving 21.5 million users in 14 provinces in Turkey. It also provides marketing, energy management, and energy consultancy services. Enerjisa Enerji A.S. was founded in 2011 and is headquartered in Istanbul, Turkey.
Garanti BBVA Leasing offers financing models suited to the investment finance needs of its customers and provides consultancy services.
Since its incorporation in 1952 as the first indigenous bank and the first shareholding company in the entire Gulf region, NBK has been known as ‘The Bank You Know And Trust’. Thanks to the recognized excellence of its very stable management along with its unequivocal strategy, consistent profitability, high asset quality and strong capitalization, NBK, throughout the years, succeeded in building an advanced banking institution that offers a full spectrum of innovative and unrivalled financial and investment services and solutions to individuals, corporate and institutional clients. NBK enjoys a dominant market share with a large and ever expanding local and regional clientele. NBK also boasts the largest overseas branch network spanning many of the world financial and business centers.
Biotrend Energy is a Turkish waste-to-energy firm.
Qatar National Bank Alahli is one of the leading financial institutions in Egypt established in April 1978 and ranked as the second-largest private bank in Egypt. Qatar National Bank Alahli provides its services for more than 1,284,417 clients served by 6,723 banking professionals with a network of 231 branches, along with 861 ATMs & 64,147 Point-of-Sale to serve clients nationwide. Further, a distinctive Call center operates round the clock 7 days a week. Qatar National Bank Alahli provides dedicated products in corporate banking, financial advisory, project financing, structured financing, trade financing, cash management, and foreign exchange with its competitive offerings, it has managed to establish a strong bond with its various corporate clientele whether large domestic corporations, subsidiaries of multinational companies, medium caps, as well as SMEs.
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 Bilisim Sistemleri A.S. offers an online bus ticket booking platform. The company is based in Istanbul, Turkey.
Marti Technologies Inc. is a micro-mobility company based in Istanbul, Turkey, that focuses on providing electric vehicles for local transportation in the MENA region and Eastern Europe. Established in 2018, Marti operates a fleet of over 48,000 electric mopeds, e-bikes, and e-scooters. The company utilizes proprietary software systems and IoT infrastructure to manage its operations efficiently, aiming to enhance urban mobility and accessibility in the areas it serves.
Hellas Direct is a digital insurance company based in Cyprus that specializes in car insurance. Utilizing advanced technology and artificial intelligence, the company aims to streamline the insurance process and provide competitive pricing to its customers. Hellas Direct is supported by notable investors, including Portag3, the International Finance Corporation, Endeavor Catalyst, and prominent individuals from the finance sector. The company seeks to innovate the insurance industry by prioritizing operational excellence and improving customer experience.
Viva Wallet provides innovative acquiring and issuing services to businesses of any size, based on their individual needs. The company was founded in 2010 and has presence in the UK, Belgium, Romania, Greece, Cyprus. It is an entirely cloud-based licensed e-money institution for the provision of payment services in the EEA-31 countries and Principal Member of MasterCard and Visa for issuing and acquiring and a partner to leading global companies, such as Microsoft, Alipay, and PAX.
Uludağ İçecek is the beverage producer.
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.
Netlog Lojistik Hizmetleri A.S. is a prominent logistics and transport services provider based in Istanbul, Turkey, with operations spanning three continents. Established in 1994, the company offers a comprehensive range of logistics solutions, including cold and general chain food logistics, truck and inter-modal transportation, air and sea freight services, and customs bonded warehousing. Netlog caters to various sectors such as aviation, hospitality, retail, automotive, and industrial markets. It is recognized as the largest transport company in Turkey and one of the fastest-growing logistics firms in the EMEA region, operating 74 warehouses and a network of freight forwarding offices globally. The company is focused on transitioning from a local player to a leading regional logistics service provider, emphasizing its commitment to meeting diverse client needs through innovative supply chain solutions and specialized transport services.
Wuzzuf, LLC is an online recruitment platform based in Cairo, Egypt, that connects job seekers with employers across various sectors, including accounting, customer service, engineering, sales, marketing, and software development. Founded in 2009, Wuzzuf operates as a subsidiary of BasharSoft LLC, a technology firm specializing in innovative online recruitment solutions. The platform caters to a diverse range of job seekers, from highly educated individuals to those with varying levels of education. Since its inception, Wuzzuf has served over 10,000 employers and facilitated more than 100,000 direct hires. The platform has advertised over 250,000 job vacancies and attracts more than 500,000 users each month, making it a significant player in the Egyptian job market.
BMCE Bank of Africa offers banking products for individuals, professionals, Moroccans living abroad. A confirmed upward trend, such is the result of the 2014 financial year, bringing out the consolidation of the financial base of BMCE Bank of Africa Group, with its earning power growing stronger year by year. This was recently again demonstrated by the record reached by the Net Income Attributable to the Parent, standing at MAD 1.944 billion, just under the bar of MAD 2 billion, accounting for more than the double of the amount of 2011, thus providing proof of concept for the Group’s strategic policy orientations, both in Morocco and abroad. Combined with the broader diversification of the business sectors, this performance further reflect the rising power of the Group, which is gaining a firmer foothold in Subsaharan Africa, inter alia through, the launch this year of the African Entrepreneurship Award, a competition with strong economic and social impact. Today, we have reached a new milestone in the development of BMCE Bank, which is gathering further strength as a continental Group, leveraging this powerful « Bank of Africa » brand name by coupling it with our prestigious BMCE Bank brand. « BMCE Bank of Africa » reflects our desire to extend our continental reach by setting up new establishments more especially in English-speaking and Portuguesespeaking parts of Africa. As a Maghrebian and Pan-African Group, our corporate responsibility is evidenced by all the commitments of our subsidiaries, acting as the operational and efficient vehicle. Whether this relates to financing of developmental projects or to community-based actions geared to promote financial inclusion, the Group, in its African dimension, has managed to position itself as a key player, highly involved in the economic, social and environmental development of the 30 countries where we are doing business. As part of 60th anniversary of the Independence of Morocco, 2015 will see the celebration of the 55th anniversary of the creation of Banque Marocaine du Commerce Extérieur, as well as the 20th anniversary of its privatization. We are confident that on these auspicious occasions, the accomplishments made by BMCE Bank and its subsidiaries will be far more striking, living up to the expectations of their shareholders, in line with the stature and the national and international outreach of BMCE Bank of Africa Group.
Credit du Maroc is pleased to participate in the national program of support and financing for small businesses and project leaders.
Hazelcast, Inc. develops an open source clustering and scalable data distribution platform for Java. The company offers Hazelcast, an in-memory data grid solution that allows its users to share and partition their application data across their clusters; Hazelcast Jet, a stream processing engine that ingests, categorizes, and processes data to support continuous intelligence practices; and Hazelcast Management Center, a web-based tool that enables its users to monitor and manage Hazelcast clusters, check cluster health, track system throughput, and update cluster configurations. Its solutions are used by developers and companies worldwide. The company was founded in 2008 and is based in Palo Alto, California with a research and development office in Istanbul, Turkey.
Migros Ticaret AS offers spacious stores in a wide range of formats and locations whose vast selection of cosmetics, stationery, glass and kitchenware, electronic appliances, book, textiles, and other items along with groceries and other necessities give it the ability to satisfy the shopping needs of its customers.
Striving to give customers the benefit of technological developments while confidently continuing to serve them with its trusted human resources, the attention which the Migros gives to information technology and the investments which it undertakes always keep it at the forefront of the retailing sector.
Focusing on customer expectations since the day it was founded, Migros is known for its innovation and progress in retailing.
oBilet Bilisim Sistemleri A.S. offers an online bus ticket booking platform. The company is based in Istanbul, Turkey.
They supply you frozen vegetables and fruits with a superior quality in both local and international markets. Their large supply of raw materials enable us to be flexible and agile in processing orders.They offer customized specifications: cut size, mixes, degree of blanching and many other.
Private Equity Round in 2019
Modanisa is an online fashion retailer for women's Islamic clothing, dresses and accessories. The site offers clothing and accessories to women of all ages and offers shipping and delivery all over the world. The site also trends latest hijab styles for women along with fashion tips for the Muslim regions. Designer abayas and jilbabs, Kayra, Armine, Aker and Tekbir are also sold online.
Established in 1972, Dolidol is one of the oldest mattress manufacturers in Morocco and a leading player in the industry. The Dolidol household brand name is one of the most recognized and widely used foam and bedding brands throughout Morocco, perceived as being higher-end with better quality products. Dolidol manufactures and sells polyurethane foam, mattresses and sofas, as well as non-woven textile. Dolidol has developed a wide distribution network in Morocco with 46 owned stores, 10 distribution facilities and over 1,100 distributors.
Wuzzuf, LLC is an online recruitment platform based in Cairo, Egypt, that connects job seekers with employers across various sectors, including accounting, customer service, engineering, sales, marketing, and software development. Founded in 2009, Wuzzuf operates as a subsidiary of BasharSoft LLC, a technology firm specializing in innovative online recruitment solutions. The platform caters to a diverse range of job seekers, from highly educated individuals to those with varying levels of education. Since its inception, Wuzzuf has served over 10,000 employers and facilitated more than 100,000 direct hires. The platform has advertised over 250,000 job vacancies and attracts more than 500,000 users each month, making it a significant player in the Egyptian job market.
BasharSoft LLC develops Web-based online recruitment software solutions in Egypt. It offers WUZZUF, a job board for various job seekers and employers, including companies ranging from small startups to multinational corporations; a talent management and job board engine to develop custom job boards for niche segments and industries; WiseRec, an online recruitment tool for small and medium enterprises; and workforce planning software systems. The company was founded in 2009 and is based in Cairo, Egypt.
Forasna is a job listing and recruitment platform based in Cairo, Egypt, founded in 2015. It specializes in connecting job seekers, particularly those seeking blue-collar employment, with various companies across the Middle East. The platform enables users to search for and apply to jobs that match their skills and qualifications. As the first and most reliable recruitment service in the region, Forasna caters to individuals from diverse educational backgrounds, enhancing their access to job opportunities. The company operates as a subsidiary of BasharSoft LLC.
Onedio is a new media platform which provides everything from video, short & funny lists, tests & breaking news for its visitors to share. According to Alexa, it is the most visited Turkish website in Turkey( June 2016). Onedio has 90M+ monthly visits, 25M+ unique visitors, that most of this came from mobile within 18-30 yo audience.
Onedio is also publishing in Russian & English. Its strong technical foundation is providing easy to scale platform for native ad networks & international expansions
Private Equity Round in 2015
BRN Sleep Products is a privately held manufacturer based in Kayseri, Turkey, specializing in a range of sleep-related products. The company produces mattresses, covers, box springs, and adjustable beds, catering to the needs of customers seeking cost-effective sleep solutions. With a focus on affordability and quality, BRN Sleep Products supplies a variety of items designed to enhance sleep comfort and promote better rest.
Uludağ İçecek is the beverage producer.
Juhayna Food Industries S.A.E. is an Egyptian manufacturer focused on the production, processing, and packaging of a diverse range of food products, including dairy items, fruit juices, and frozen goods. Established in 1983 and headquartered in Giza, the company offers a variety of dairy products such as milk, yoghurt, and cheese, as well as fresh fruit juices and concentrates. Juhayna’s product lines include well-known brands like Juhayna Dairy, Juhayna Yoghurt, and Pure Juices, which have gained consumer loyalty over the years. Additionally, the company operates dairy farms and engages in agricultural practices, including land reclamation for cultivating fruits and cattle feed.
Evim.net is a membership-based private shopping platform in Turkey, specializing in home decoration and accessories. The site offers a diverse selection of products, including home textiles, kitchenware, small appliances, mother-child items, household goods, and electronic products. Members benefit from significant discounts, with savings of up to 80% on various products. In addition to shopping, Evim.net encourages members to invite friends to join the platform, enhancing its community-oriented approach. This e-commerce site serves as a comprehensive resource for customers seeking affordable and stylish home decor options.