A consortium led by UK-based buyout firm Cinven is among four vying for control of state-owned Turkish cigarette maker Tekel Sigara, as private equity activity in the country intensifies.
Credit Suisse is advising the Cinven consortium, which is operating under the name of Strand Investments. Analysts have valued Tekel at between â¬1bn ($1.5bn) and â¬1.5bn.
