The first anniversary of the BC Partners-led acquisition of Turkish supermarket Migros Türk for 3.9bn Turkish lira last February has seen the deal regarded as a relatively safe haven despite the storms buffeting the industry in the past year.

Until then, the largest leveraged buyout in Turkey had been Kohlberg Kravis Roberts' acquisition of shipping company UN Ro-Ro for $1.3bn in December 2007, according to data provider Dealogic. The financing package of more than €1bn for the Migros Türk deal was provided by local banks Isbank, GarantiBank, VakifBank and Akbank, while Merrill Lynch advised on the acquisition.