Investcorp to Buy 30 Percent of Turkish Menswear Group Orka

Investcorp Bank BSC, a private equity firm with investments in Gucci and Saks Fifth Avenue and other luxury brands, has an agreement to buy a 30 per cent in the men's fashion retailer Turkish Orka Group signed. The company did not show the value of the transaction, which is subject to approval by the Board of antitrust law to Turkey today for an explanation by e-mail to Istanbul. Investcorp, the $ 12 billion in assets under management had acquired at the end of June, about the Fund and the Golf is the third investment company at the Bahrain salvation of Turkey is not listed, Mohammed Al-Shroogi, Investcorp President for Business Golf, said in a separate document by e-mail statement today. Last year, 46 mergers and acquisitions by private equity firms in Turkey, a total of 241 offers were made in the country, Deloitte & Touche LLP said in January. BC Partners Ltd., Abraaj Capital Ltd. and Carlyle Group LP (GC) are among the leading private equity firms that have invested in Turkey in recent years to use as a company seeking $ 772 billion economy, which grew by 8.5 percent in 2011, the fastest pace in a group of 20, after China and Argentina. Help expand Helping to Investcorp Investment Orka, reach new markets and grow in Turkey, President Suleyman Orakcioglu said in the statement. Orka fashion products, brands like Damat, Tween and include D'S Damat, are sold in over 250 markets in 40 countries, the statement said. Turkey organized market for luxury men is about $ 7.4 billion and is expected to support growth, the statement said. Tiffany & Co. (TIF), Chaumet, Breguet, Ebel and Carter are other brands that Investcorp has invested, he said. Orka Group UniCredit Menkul Degerler rented AS, the Turkish unit of UniCredit SpA (UCG) to sell a minority stake and several bidders, including L Capital, a unit of the good Paris-based luxury goods group LVMH Moet Hennessy Louis Vuitton SA (MC) are in talks, said UniCredit CEO Kaan Basaran Menkul 13th January. Investcorp's first investment in Turkey in Istanbul computer distributor Bilgisayar Arena (ARENA) Sanayi & Ticaret AS, whose 49.4 percent stake it acquired for $ 42.5 million in 2010 through its unit Redington Gulf, which he agreed to meet in February, sold, said spokesman Firas El-Amin in a telephone interview. Investcorp also bought a minority stake of 50 million dollars Tiryaki Agro, a manufacturer and seller of wheat and pistachio products southeast of Gaziantep, he introduced in September 2010.