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Turkish private equity deals signal investment appetite after failed coup

Restaurant chain deal and acquisition talks show interest in Turkey even as Moody’s cuts rating

Turkish private equity deals signal investment appetite after failed coup
Photo: iStockPhoto

Turkey's biggest casual dining chain, Big Chefs, sold a minority share to an internationally backed private-equity firm, in a sign that resilient consumer demand is drawing some investors to the country despite July's failed coup rattling the economy.

Taxim Capital, which is based in Jersey, bought a 40% stake in Big Chefs on September 7, said Kerim Kotan, managing director of Pragma, the investment bank that advised the Istanbul-based restaurant company on the sale. The agreement hasn't yet been publicly disclosed, and Kotan declined to specify the value of the deal.

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