Istanbul, Turkey, 11 August 2015 – The Abraaj Group's
Anatolia Growth Capital Fund yesterday announced the acquisition of
a stake in Yu-Ce Medical, a leading disposable medical supplies
manufacturer specializing in medical gauze, medical sponges and
surgical sutures. The company has operations in the Anatolia region
"This transaction marks the Anatolia Growth Capital
Fund's second acquisition in Turkey, both of which we have
advised them on. Abraaj's Anatolia Growth Capital Fund invests
in high-growth businesses in the developing regions of Anatolia
often overlooked by investors, and the investment in Yu-Ce Medical
will promote economic and employment growth in the region. We look
forward to continuing our close relationship with The Abraaj
Group," commented Partner Duygu Turgut.
A team of lawyers from Esin Attorney Partnership, a member firm
of Baker & McKenzie International, advised Abraaj's
Anatolia Growth Capital Fund on its acquisition of a stake in Yu-Ce
Tibbi Gerecler Ithalat Ihracat Mumessillik Sanayi ve Ticaret A.S.
(Yu-Ce Medical). Partner Duygu Turgut advised on the transaction
with support from attorneys Ali Selim Demirel, Orcun Solak, Guven
Mavis, and Asli Caglar.
This acquisition marks Anatolia Growth Capital Fund's second
acquisition in Turkey and the first ever private equity investment
completed in Sanliurfa, demonstrating investors' interest in
Turkey's growing medical devices sector. The Firm also advised
on Anatolia Growth Capital Fund's joint acquisition with the
European Bank for Reconstruction and Development (EBRD) of a stake
in BRN Yatak Baza Ev Tekstili Insaat Sanayi Ticaret A.S. (BRN Sleep
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 offering
substantial convergence opportunities and growth potential.
About Esin Attorney Partnership
Esin Attorney Partnership has long been a leading provider of
legal services in the Turkish market. Today, as a member firm of
Baker & McKenzie, our team of nine partners and more than 60
lawyers is an integral part of a seamless global network. Our Firm
is recognized locally and globally for our M&A experience, and
we have advised on some of the largest deals in the Turkish market,
involving public and private companies, private equity funds and
other strategic investors.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie advises many of the
world's most dynamic and successful business organizations
through more than 11,000 people in 77 offices in 47 countries. The
Firm is known for its global perspective, deep understanding of the
local language and culture of business, uncompromising commitment
to excellence, and world-class fluency in its client service.
Global revenues for the fiscal year ended 30 June 2014, were
US$2.54 billion. Eduardo Leite is Chairman of the Executive
About Abraaj Group
The Abraaj Group ("Abraaj" or the "Group")
is a leading private equity investor, purpose-built for operating
in the growth markets of Africa, Asia, Latin America, the Middle
East, and Turkey.
Employing over 300 people, Abraaj has over 25 offices spread
across five regions with hubs in Dubai, Istanbul, Mexico City,
Nairobi and Singapore. The Group currently manages c. US$ 9 billion
across regional, sector and country-specific Funds.
Abraaj has realized c. US$ 5.1 billion from over 70 full and
partial exits, and Funds managed by the Group have made over 140
investments across 10 sectors including consumer, energy,
financials, healthcare and utilities. The Group is committed to the
highest environmental, stakeholder engagement and corporate
governance standards and is a signatory to the United
Nations-backed Principles for Responsible Investment and the United
Nations Global Compact. Abraaj's founder, Arif Naqvi, was
appointed to the United Nations Global Compact Board by UN
Secretary-General Ban Ki-moon in 2012 and to the Interpol
Foundation Board in 2014.
About Yu-Ce Medical
Established by Cengiz Balcik and Yumnu Balcik in 1995, Yu-Ce
Medical began its operations as a medical supplies importer. In
2007, the company started producing medical gauze and medical
sponges in Sanliurfa, and started manufacturing absorbable and
non-absorbable surgical sutures in 2013. The company carries out
its manufacturing operations in two company-owned factories and has
an established sales platform across Turkey, including a
diversified customer base of more than 230 state, university and
private hospitals and over 190 medical distributors.
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