Turkey: Baker & McKenzie Advises Abraaj On Acquisition Of Stake In BRN Sleep Products
Last Updated: 25 March 2015

Istanbul, Turkey, 10 February 2015 – Leading private equity investor The Abraaj Group acquires stake in one of Turkey's leading mattress manufacturers and exporters.

A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, and Baker & McKenzie's Amsterdam and London offices advised The Abraaj Group in its joint acquisition with the European Bank for Reconstruction and Development (EBRD) of a 35% stake in BRN Yatak Baza Ev Tekstili Insaat Sanayi Ticaret Anonim Sirketi (BRN Sleep Products). The deal was signed December 28, 2014 and closed January 30, 2015.

The cross-border team was led by Istanbul-based Partner Duygu Turgut and Amsterdam-based Partner Kuif Klein Wassink with support from Associates Orcun Solak and Asli Caglar in Istanbul and Tom Edwards in London.

Abraaj's Anatolia Growth Capital Fund invests in high growth companies focusing on the developing provinces and regions of Anatolia. The Fund targets 43 cities in Turkey with per capita incomes below 75 per cent of the national average. The investment in BRN Sleep Products marks the Anatolia Growth Capital Fund's first investment.

Established in Kayseri in 2006, BRN Sleep Products began its operations with a focus on export markets and has since grown to become Turkey's leading mattress and sleep products exporter, with exports to over 50 countries. BRN Sleep Products has been expanding in the domestic market since 2011 and currently has 11 company-owned retail stores in Turkey.

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