TRANSACTIONS / Sale of Arvento Mobile Systems to Investcorp

(16/3/2015) Investcorp, a leading Bahrain-based provider and manager of alternative investment products acquired a majority shareholding in Arvento Mobile Systems, Turkey’s leading telematics company. 
Ventura Partners acted as exclusive financial advisor to Arvento on the transaction. 

Established in 2005, Arvento is a provider of telematics solutions which provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage and other insights into their mobile workforce. According to an independent research published by ABI Research, Arvento is recognised as the world’s fifth biggest telematics business. As a multiple award winner for its technology and rapid growth, Arvento is the market leader in Turkey and became one of the leading players in the Kingdom of Saudi Arabia and the UAE.

Investcorp currently has around $12 billion in invested assets under management across its three asset classes; corporate investment, real estate and hedge funds. Investcorp has offices in Bahrain, New York, London, Ryadh and Abu Dhabi. Arvento is the second telematics business acquired by Investcorp after FleetMatics, a business invested in 2008 and eventually led to an IPO on the NYSE in 2012. Arvento is Investcorp’s fourth acquisition in Turkey. Other portfolio companies in Turkey include Namet, Orka Group and Tiryaki Agro. 

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