Migros, founded in 1954 and listed on the Istanbul Stock Exchange, is the is the main supermarket chain in Turkey of the organized Distribution market. Migros at the beginning of 2015 ran around 1230 stores with a total selling area of approximately 960 thousand sqm. In 2014 Group sales were 8.1 bn Turkish Lira up 14% compared to 2013 and EBITDA reached 532 million Turkish Lira.
In May 2008 a consortium, led by BC Partners and comprising both DeA Capital and Turkven Private Equity,according to the agreement with Koç Group (the seller) acquired a 50.83% stake in Migros.
On conclusion of the compulsory public tender offer (20 October 2008), the consortium achieved 97.9% of Migros, representing a total of 174.3 million shares and DeA Capital’s investment increased to 175 million Euro, for a stake of 17% in the vehicle that acquired Migros.
In July 2015 following the purchase by Anadolu Endustri Holding of 40.25% of Migros, DeA Capital received approximately 108 million Euro, with a capital gain of around 45 million Euro.
Sigla specializes in providing salary-backed loans (CQS) and personal loans to private customers. The Group, which offers its services as a benchmark operator for households, provides finance to all customer categories with a variety of products. It operates throughout Italy, mainly through a network of agents.
The company’s product range was expanded in 2010 to include the servicing of portfolios of unsecured non-performing loans (personal loans
and credit cards).
DeA Capital holds a 41,4% stake in the company for a total investment of 44,4 million Euro.
DeA Capital has co-invested with Palamon Capital Partners LP, a private equity fund that holds the remaining shareholding in Sigla. Corporate governance and exit mechanisms are regulated by a shareholders agreement.