Boyner May Fend Off Funds to Buy Retail Chain YKM, Milliyet Says

Boyner Buyuk Magazacilik (BOYNR) AS, a Turkish department store chain, may outbid private equity firms including Carlyle Group and Bridgepoint Capital Ltd. to buy a controlling stake at retailer YKM, Milliyet said, without saying where it got the information.

Istanbul-based Boyner, owned by Boyner Holding AS and Citigroup’s fund Fennella S.a.r.l., may buy as much as 63 percent of YKM, owned by Turkey’s Tan and Agrali families, the newspaper said.

Apart from Carlyle and Bridgepoint, Qatari QInvest LLC and Turkish private equity firms Esas Holding AS, Turkven and Actera Group are also interested in the YKM stake sale, the newspaper said.

To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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