How do you value a Turkish company?

In euros or US dollars, on figures restated from the Turkish statutory accounts, with the exchange-rate basis stated. We separate real growth from price effects before we talk about multiples.

What approvals are needed?

Transactions that change control and exceed the turnover thresholds need clearance from the Turkish Competition Board, and sectors such as banking, energy, media and defence have their own regulators. We build the timetable around them with your counsel.

How does a conversation with a family owner go?

The first conversation is with the family, in Turkish, and usually about more than price: the name, the employees, the role of the next generation. The buyer who addresses these early stays at the table.

Can you work alongside our own advisers?

Yes. We work with your advisers in the region and, when a transaction needs reach beyond Turkey, with Globalscope Partners member firms in 51 countries.

Turkey, seen from Europe

Turkey, seen from Europe.

European groups have bought into Turkish cement, logistics, fitness, chemicals and asset management. Orion works for European buyers in Turkey: we find the companies that fit, open the conversation with their owners in Turkish, and work alongside Globalscope member firms in Europe.

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Every point is a transaction with a Turkish target since January 2025. The lit ones had a buyer from Europe. Counted by the buyer’s own country; a Turkish owner buying through a company abroad counts as domestic.

Already in Turkey

European buyers in Turkey, 2025 to 2026.

Target	Buyer	Sector	Value	Date
Akçansa, 39.72%	Heidelberg Materials Germany	Cement	USD 428m	Completed Jun 2026
MAC Group (MACFit)	Benefit Systems Poland	Fitness	USD 420m (base price)	Completed May 2025
Borusan Lojistik	CEVA Logistics (CMA CGM) France	Logistics	USD 383m	Completed Nov 2025
Yapı Kredi Portföy	Azimut (AZ International) Italy	Asset management	TRY 16.4bn (about USD 346m)	Signed Jul 2026
Traçim Çimento	Titan Belgium	Cement	About USD 190m	Completed Mar 2026
ISS Türkiye, 39.9%	ISS Denmark	Facility services	DKK 985m	Completed H1 2026
Kabkom Kimya, 80%	HEXPOL Sweden	Cable compounds	EUR 54m	Completed Apr 2025
Akkim	Sika Switzerland	Construction chemicals	Not published	Completed Sep 2026

Values as published; sources are linked.

Globalscope Partners in Europe

Your adviser at home, and ours in Turkey.

Orion is the Turkish member of Globalscope Partners, with member firms in 51 countries. If you work with a Globalscope member firm in Europe, that firm and Orion run a Turkish transaction as one team: your adviser at home, Orion in Turkey.

Transactions advised by Globalscope member firms in Europe

Transactions advised by Globalscope member firms; each card links to the deal’s page on globalscopepartners.com.

From the map to the table in four steps.

01
The market
Who has bought in your sector, from where, at what value and on what terms: we start from the transactions already done in Turkey.
02
The long list
Companies screened for size, ownership and fit with your strategy, each with a short profile and the reason it fits.
03
The approach
We reach owners in Turkish, through people who know them. With a family owner the first conversation is usually about more than price.
04
The transaction
Valuation, non-binding offer, due diligence, agreement and completion, with lawyers and auditors coordinated and regulatory filings planned with your counsel.

What buyers ask us

Before you look at a Turkish company.

01
How do you value a Turkish company?
In euros or US dollars, on figures restated from the Turkish statutory accounts, with the exchange-rate basis stated. We separate real growth from price effects before we talk about multiples.
02
What approvals are needed?
Transactions that change control and exceed the turnover thresholds need clearance from the Turkish Competition Board, and sectors such as banking, energy, media and defence have their own regulators. We build the timetable around them with your counsel.
03
How does a conversation with a family owner go?
The first conversation is with the family, in Turkish, and usually about more than price: the name, the employees, the role of the next generation. The buyer who addresses these early stays at the table.
04
Can you work alongside our own advisers?
Yes. We work with your advisers in the region and, when a transaction needs reach beyond Turkey, with Globalscope Partners member firms in 51 countries.

Start with a conversation.

A first conversation is confidential and carries no obligation.