10/20/2010

Carlyle sees Türkiye M&A more active in 2011

Reuters - Private equity giant Carlyle Group expects Türkiye's mergers and acquisitions (M&A) market to be much more active in 2011, boosted by expectations that the country will achieve an investment grade rating, an Istanbul-based Carlyle executive told Reuters on Tuesday. Investors are starting to show much more interest in Türkiye, hit in 2009 by the poor global investment climate, said Carlyle MENA Investment Advisors Managing Director Can Deldag. "2011 will be a much more active year, both in terms of the number of deals and the deal volume," said Deldag of Türkiye.

Merger and acquisition activities suffered during the global financial crisis but started to recover as of this year, driven by privatizations expected to reach USD 15 billion. Türkiye is now expected to grow around 7 percent this year, and positive signals on the country's rating are also boosting confidence. "There is an important expectation that Türkiye will achieve investment grade, seeing that investors are starting to show much more interest in the Turkish market," he said.
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turkey; economic growth; credit rating; merger; acquisition; m&a; carlyle; turkish acquisitions; turkish mergers; mena; can deldag