Recep ERÇİN
Speaking at the meeting where KPMG Turkey’s “Merger and Acquisition Trends 2024” report was announced, KPMG Turkey executives said that the need for a safe haven for Kazakh capital in parallel with the developments in Russia, the opportunities brought by the developments in Syria and the positive impact this will have on Turkey if the relations with Trump are well managed. They stated that it would cause investor inflow to . At this point, KPMG Turkey managers stated that the Kazakh capital is currently looking favorably on the acquisition of banks in Turkey and the Germans have demands for the insurance sector, and they expect the mergers and acquisitions observed in the field of defense industry technologies worldwide in the last quarter to spread to Turkey in 2025. They emphasized that they were waiting.
Türkiye started to become the focus of funds
The notes we took in our conversation with KPMG Turkey experts, who stated that the world was more open to anything could happen at any time, based on previous experience during Trump’s term as US President, were as follows: “We can call this the predictability of uncertainty. If there is an exit on the technology side in Turkey and an investment is received, it will be with a valuation above Hepsiburada. Everyone is investing in artificial intelligence. In the past period, two funds that said ‘Türkiye is not in our focus’ signed a contract and will evaluate 2025. We expect developments in industrial production and the healthcare sector. Those who usually deal with businesses worth at least 150-200 million dollars are now also interested in some small businesses because their R&D and projects are very good. Of course, it is very difficult to explain inflation accounting to a foreigner. The exchange rate is also below what it should be. ‘Why is the exchange rate low or inflation so high?’ they say. With the exit from the gray list, asset pricing increased as the risk decreased.”
Stating that they expect activity in terms of mergers and acquisitions on the banking side in 2025, KPMG Türkiye managers said: “We expect investments from Germany to Turkey in insurance; There is a possibility for a foreign player to enter with a few transactions. A German company has interests in several insurance companies. There is interest due to complementary health. Koç is also in this field; We think that it will continue with an investment every year in the fields of biotechnology and health. If anyone does something different, they will be in Aries’ focus. Specifically for the companies on the Turkish Wealth Fund side; Prices do not match expectations. If there is to be a sale, it will be sold at a premium price. But there are preparations for the sale on the Wealth Fund side. Media and production companies will also be popular in 2025. China is always talked about but nothing comes of it. There is a market for relief if they come from within, but it is rarely seen to be completed. Japan is closer to us. Although the events in Israel are not directly related, they have a negative impact on geopolitics. Maybe not China, but there are expectations for other Far Easterners; Asian Development Bank is forming a team in Turkey.”
KPMG Turkey Merger and Acquisition Services Leader, Company Partner Özge İlhan Acar also expressed her expectations for 2025 as follows: “While 2025 is expected to be shaped by tight monetary policy and financial regulations to reduce the budget deficit in line with the target of reducing inflation and ensuring macroeconomic stability for Turkey; “In addition to the media, telecommunications and energy sectors, which have maintained their attractiveness for a while with the influence of investor-friendly policies, we expect the purchasing activities in companies operating in the industrial production and automotive fields and in companies that produce value-added using advanced technology to continue increasingly.”
Last year’s notable sales
While no mega transaction (transaction valued at one billion dollars or more) took place in Turkey in 2023, the only mega transaction of the year in 2024 will be Kaspi.kz’s purchase of 65.4 percent of Hepsiburada’s share for 1.1 billion dollars. He got it. In addition to Hepsiburada, which was the biggest transaction of the year, the second largest transaction in TMT was the $500 million late-stage investment made by US-based financial investor General Atlantic in Insider. The year 2024 attracted attention with important acquisitions in the energy sector, including natural resources. The biggest transaction of the year in this sector was the acquisition of Polimetal Madencilik by UK-based ACG Metals with a transaction value of 225.5 million US dollars. Another important transaction was that Palmet Enerji increased its effectiveness in this field by purchasing Zorlu Energy Distribution for 200 million US dollars. Danish DFDS, which proved its interest in the sector and the country by purchasing Turkey’s logistics giant UnRoro in 2018, completed one of the important transactions of the year by purchasing 100 percent of Ekol Transport’s shares for 253.6 million US dollars in November 2024. France-based Curium Pharma purchased 50 percent of the shares of Eczacıbaşı Monrol, which operates in the field of pharmaceuticals and healthcare, for 121.8 million US dollars in April 2024.
Total volume in Turkey is 10.1 billion dollars
According to the Merger and Acquisition Trends Report from the KPMG Perspective, the volume of merger and acquisition transactions in the world in 2024 will reach 3 trillion US dollars, increasing by 270 billion dollars compared to the previous year. Although there was a decrease in the number of transactions compared to last year, with a total of 475 transactions and an announced transaction volume of 5.3 billion dollars in mergers and acquisitions transactions in Turkey, an increase in transaction volume was observed. Considering the values of transactions whose value was not disclosed, the total transaction volume was predicted to increase and reach 10.1 billion dollars for 2024.
Source: www.dunya.com
