Deals
Foreign Investors Give Turkey Another Look Amid Private-Equity Rebound
- EY sees buyout deals jumping 50% to $500 million in 2017
- TPG says it is considering Turkey purchases after 2011 exit
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Private-equity investments in Turkey are set to increase more than 50 percent this year from a six-year low in 2016 with TPG Capital LP considering acquisitions and Cinven Ltd. predicting renewed interest from foreigners.
While local firms will still dominate the market, international companies scared off by unrest are reconsidering their absence following a referendum last month that cemented power under President Recep Tayyip Erdogan. Abraaj Group Ltd. is among those interested, and the Dubai-based company has said it is considering investing in healthcare and fast moving consumer goods.