Turkven Invests in Turkish Elif Plastic
Turkven, the leading private equity company in Turkey with a track record of billions of dollars of FDI inflow into the country, has bought a majority stake in the Turkish packaging company Elif Holding.
Established in 2000, Turkven is the first independent private equity company in Turkey. It currently has USD 2 billion of assets under management, and funds advised by Turkven have led 20 investments in Turkey, including equity and debt financing. The international investors in funds advised by Turkven provide the company with a unique global network
Turkey Becomes the 7th Most Popular FDI Destination in Europe
FDI is a lifeblood for economies. Investment decisions such as establishing plants, R&D centers, and developing other assets are signs of confidence in a country. EY’s “Europe Attractiveness Survey” has been tracking these investment decisions since 2000.
According to the EY Attractiveness Survey Europe - June 2018, Turkey became the 7th most popular FDI destination in Europe in 2017 (+3 places from previous year), was home to 229 projects (+66 percent y-o-y) and enjoyed a 3 percent share in all FDI projects across Europe.
These figures once again prove that international investors are confident in the Turkish economy and investment environment at a time when global FDI flows fell by 23.4 percent in 2017 and show fragile growth in 2018.