2012-03-08 20:36:45 - The latest in Privcap's Turkey series, David Wilton, IFC and Demet Ozdemir, E&Y discuss how deals are being sourced, what kinds of deals they are, and the challenges of pursuing traditional private equity strategies in Turkey’s unique environment
Turkey’s economy is growing, but what does this mean for actual private equity investment opportunities in the country? In “Turkish Deal Flow,” David Wilton, CIO of Global Private Equity for the International Finance Corporation (IFC) and Demet Ozdemir, Private Equity Leader for Ernst & Young, Turkey, discuss how deals are being sourced, what kinds of deals they are, and the challenges of pursuing traditional private equity strategies in Turkey’s unique environment.
Topics discussed include the community of advisors in Turkey, the different deal flow dynamics that exist today versus 10 years ago, the growing interest of Turkish family groups in doing private equity deals, the shortage of exits, the Turkish tax and financial regulatory system and how it has made certain
plays off-limits, and the population of quality corporate talent in the country.
This is the second in a four-part video series on private equity in Turkey. The first segment is called “The Turkish Opportunity.” Also see our audio interview with Robert Graffam of Darby Overseas Investment about private equity in Turkey. This series is sponsored by Ernst & Young.
View the full video and register for free here - www.privcap.com/programs/76-turkish-deal-flow
Private Equity Leader
Ernst & Young, Turkey
Demet Ozdemir leads Ernst & Young’s Private Transaction Support group in Turkey and also serves as Private Equity Leader for Turkey.Since the merger of Ernst & Young and Arthur Andersen in September 2002, Ozdemir has specialized in corporate finance, advising clients on numerous M&A transactions, privatization projects and providing buy/sell side due diligence services for/on local and international companies and private equity houses. Ozdemir has served some of the firm’s largest PE clients investing in Turkey.Prior to the merger, Ozdemir spent 10 years at Andersen, six years of which in the audit practice and four years in investment banking.
Ozdemir is a qualified Independent Public Accountant and Financial Advisor (SMMM) in Turkey and a member of the Institute of Certified Public Accountants in Turkey. She also holds an MSc degree in International Accounting and Finance from the London School of Economics in the UK.
Global Private Equity International Finance Corporation
David Wilton is the Chief Investment Officer and Manager of Global Private Equity and Investment Funds at International Finance Corporation. He previously managed the World Bank Pension Fund’s private equity and real estate portfolios. Prior to that, Wilton analysed the functioning of money and bond markets in many emerging markets for the World Bank to identify improvements that would lower the cost of government funding and improve private access. He is also a Member of the Advisory Board at ZN Mexico Trust I and ZN Mexico Trust II, L.P. Wilton is a Member of Africa Council of Emerging Markets Private Equity Association.
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