TRANSACTIONS / Acquisition of Dentistanbul by Global Environment Fund

(17/4/2007) Global Environment Fund (GEF), a leading US-based private equity fund has entered into Turkey with its latest acquisition of 100% shareholding in Dentistanbul, the sole private dental hospital.

Ventura Partners acted as exclusive financial advisor to Global Environment Fund on the transaction.

Established in 1998, Dentistanbul is the only private dental care provider operating with a private dental hospital license in Turkey. Dentistanbul operates a dental hospital in Besiktas and two affiliated dental polyclinics in Besiktas and Altunizade. In addition to basic dental treatment, all three facilities provide multi-disciplinary dental care including orthodontics, pedodontics, oral surgery, endodontics, periodontology, and prosthodontics. GEF will further improve Dentistanbul’s existing operations and use Dentistanbul as a platform to roll out new dental hospitals in Istanbul and elsewhere in Turkey. The company plans to establish about 10 new dental hospitals throughout the country within four years.

Global Environment Fund is an international investment firm, managing private equity funds in excess of US$1 billion.  GEF was established in 1990 to provide financing and management support to companies that contribute to environmental quality, efficient use of energy, human health and the sustainable management of natural resources.  In accordance to its world-wide focus, GEF has conducted private equity transactions in more than twenty nations throughout the Americas, Europe, Asia, and Africa. Today, the firm’s private equity portfolios include controlling or major interests in fast-growing, entrepreneurial companies with aggregate sales exceeding US$2 billion.

Ventura Partners, based in Istanbul-Turkey, is one of the leading M&A boutiques providing corporate finance services in a broad range of sectors.