Bosphera targets US$350mn

Bosphera targets US$350mn

Published: February 22, 2012

New private equity firm to back buy-outs in Turkey.

Bosphera Advisory, a new Istanbul-based private equity firm, will raise US$350mn to fund deals in Turkey.

The firm, which is ultimately owned by Kuwait’s Global Investment House, aims to complete the fund-raising by November.

Bosphera has already considered supporting buy-outs at 25 companies and is in advanced talks with the management of eight.

The firm will invest between US$30mn and US$60mn in companies worth up to US$150mn.

It will be take majority shareholdings in businesses operating in the retail, energy equipment and services, healthcare and food sectors.