Introduction to Ata Invest
2014
New York İstanbul Dubai
Ata Group
Ata Invest
Ata Invest - IB Services & Credentials
Ata Invest - IB Team
Ata Group
Ata Group
Ata Group’s roots go back to Ata İnşaat, the successful builder of world’s then 7th largest dam, Atatürk Dam, in 1992. The dam
was completed at a project value of US$ 2 billion as part of GAP Development Project.
Primarily active in Financial Services, Food and Real Estate, Ata Group consists of 20 companies in 7 countries with total
consolidated sales exceeding US$ 1 billion.
Tab Gıda, one of the flagship companies of Ata Group, is Burger King Corporation’s largest franchisee globally.
Ata Group, through Tab Gıda and the “Eco System” companies Fasdat and Ekmek, operates the largest restaurant chain in
Turkey and is one of the most important investors in the sector.
In 2012, Ata Group started its operations in China as master franchisee of Burger King International’s China operations.
Finance
Food
Technology
K
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Real Estate, Construction &
Tourism
Retail
Ata Finance Group
New York Istanbul Dubai
• One of the leading Turkish investment banks offering wide
range of services at international standards:
• Investment Banking
• Brokerage Services
• Asset Management / Investment Funds
• Equity Research and Institutional Sales
• Equity Derivatives / Forex
• Fixed Income Securities Transactions
• First online platform dedicated to individual investors
• Customized tools including Price Monitoring, E-Broker,
Alert, Call Me
• Ata World Trader enables to invest in global capital
markets
• Focuses on commercial real estate assets and development
projects with potential in value creation and providing rent
income
• Listed on Istanbul Stock Exchange
• Aims to compose a diversified and high-yield portfolio
• Client focused approach
• Assessment of client profile is unique - encapsulates
elements of behavioral finance and profiling as well as
other qualitative factors
• First REIT to get a rating
• First local and independent pension fund manager
• First licensed Turkish Investment Banking operation
established in UAE
• Ata Invest GCC aims to form a bridge between the investors
and the opportunitites in the Gulf Region and Turkey
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Ata Invest
Ata Invest - Global Network
Accessibility to a vast and diverse range of investors from all around the world through Ata Invest Turkey, Ata Invest GCC and
Ata Invest New York City office.
Since Ata Invest GCC’s foundation in Dubai in 2006, Ata Invest has built successful and long-lasting relationships with
important Gulf region investors.
Ata Invest has been fully operational in New York City since 1996.
Ata Invest has also established a strategic partnership with Wells Fargo and Enclave Capital in order to attract and present
investment opportunities in Turkey to foreign investors.
New York, USA
Turkey
Establishment: 1996
Establishment: 1991
Solutions Partner
Solutions Partner
Dubai, UAE
Establishment: 2006
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Ata Invest - Services
Corporate Services for Institutional Clients
Investment Banking
Advisory Services
• M&A Advisory
• Private Equity Advisory
• Financial Advisory
• Privatization Advisory
Asset Management
• Asset management services for
investors with different risk
assessments and yield
expectations in an ever changing
environment
Capital Market Products
• IPO & SPO Advisory
• Debt Instruments
• Other Capital Market Instruments
ICM
Research
• Offers brokerage services to a
foreign institutional client base
• One of the leading ICM teams
with a significant market volume
• Reaching U.S. through its strategic
partners, Enclave Capital and Wells
Fargo
• One of the leading research teams
in the market
• Coverage of 60+ stocks listed on
Borsa İstanbul
• Periodical strategy reports
covering the Turkish market
• Research Recommendation List
that has performed 18% and 10%
higher than BIST100 Index in 2011
& 2012
Equity
Derivatives / Forex
Fixed Income Securities
Transactions
• Equity trading
• Margin Trading
• Short-selling
• Security Lending
• Capital Increase & Dividend
• Derivatives Market
• Forex and Precious Metals Trading
• Treasury Bills - Government Bonds
Trading
• Repo - Reverse Repo
• Private Sector Bonds - Banking and
Finance Bills
Customized Services for Individual Clients
Investment Advisory
• Advising individual investors to
make investment decisions and
take actions in that regard
• Professional assistance to investors
with the evaluation of alternative
investment instruments and
strategies
Portfolio Management
Investment Funds
• Expert Management Team
• Risk Management
• Customized Information Service
• Escrow & Custody
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Ata Invest - IB Services & Credentials
Investment Banking Services
Advisory Services
M&A Advisory
Private Equity Advisory
Financial Advisory
Privatization Advisory
• Actively involved in the M&A advisory
business since 1994 with presence on
the Sell and the Buy side in over 200
M&A projects
• Capable of structuring and executing a
wide range of complex domestic and
international transactions
• Strategically focused on private equity
advisory services since 1995
• Ata Invest sourced and initiated
Turkey’s first dedicated private equity
fund (AIG Blue Voyage)
• Leveraging its global network of private
equity funds to source and execute
custom-made investments
• Ata Invest has served prominent global
& local entities such as IFC, EBRD,
Burger King, Galatasaray and Amerikan
Hospital
• Provides the following consultancy
services:
- General Financial Advisory
- Valuation Study
- Project Finance
- Feasability Study
- Sector Research
- Benchmark Analysis
• Since 1995, participated in several
privatization projects across various
sectors, including landmark Erdemir,
Tük Telekom and Seka privatizations
with services provided on both buyside and sell-side
• Due to close relationship with the
Privatization Administration, Ata Invest
has been a preferred investment bank
utilized by the administrtion on many
different occasions
Capital Market Instruments
IPO & SPO Advisory
• Since 1994, Ata Invest has participated
in +80 IPOs and SPOs as a consortium
leader or member
Other Capital Market
Instruments
Debt Instruments
• Ata Invest assists companies in their
issue of various Debt instruments
which include:
- Private Sector Bond and Notes
- Mezzanine Financing
- Convertible Bonds
- Sukuk Financing
• Ata Invest provides the following equity
market services for listed companies:
- Private Placement
- Block Sale
- Capital Increase and Tender Offer
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Track Record in M&A - Selected Projects
and
Acquired Majority Stake In
Acquired Majority Stake In
Acquired Majority Stake In
Advisor to Seller
Advisor To Seller
Advisor To Seller
2014
2013
2013
2012
2011
A Leading U.S.-Based
Insurance Group
A Leading Gulf-Based
Banking Group
A Leading U.S.-Based
Insurance Group
A Leading Gulf-Based
Financial Services Group
Acquired Turkish Master
Franchise Rights of
Mandated Ata Invest In
Acquisition Process of
Mandated Ata Invest In
Majority Stake Acquisition
Process of
Mandated Ata Invest In
Majority Stake Acquisition
Process of
Mandated Ata Invest In
Acquisition Process of
Advisor To Buyer
Advisor To Buyer
Advisor To Buyer
Advisor To Buyer
Advisor To Buyer
2010
2008
2007
2007
2006
Acquired Majoirty Stake In
Acquired Majority Stake In
Acquired Majority Stake In
Acquired Majority Stake In
Advisor To Buyer
Advisor To Buyer
Advisor To Buyer
Advisor To Buyer
Advisor To Polisan
2006
2006
2005
2005
2004
Formed a JV For Burger King’s
Chinese Operations
Advisor To Ata Holding
and Mr. Ahmet Ertegün
Acquired Minority Stake In
Advisor To Seller
and
Formed a JV
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Track Record in Private Equity Investments - Selected Projects
Acquired Minority Stake In
Acquired Minority Stake In
Acquired Minority Stake In
Acquired Minority Stake In
Acquired Minority Stake In
TÜV Türk From Akfen
Advisor To Seller
Advisor To Seller
Advisor To Seller
Advisor To Seller
Advisor To Seller
2011
2011
2011
2011
2009
Saffron
Advisors
Acquired Minority Stake In
Blue Voyage
Fund
Acquired Minority Stake In
Acquired Minority Stake In
Acquired Stake In
Advisor To Seller
Advisor To Seller
Advisor To Buyer
2000
1999
1998
Strategic Advisory Services
Advisor To Seller
2007
2000 - 2006
Acquired Minority Stake In
Acquired Minority Stake In
TARIM
Advisor To Seller
Advisor To Seller
1997
1995
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Track Record in Financial Advisory - Selected Projects
Valuation Study
Valuation Study
Valuation Study
Valuation Study
Valuation Study
2012
2011
2010
2010
2008
Feasibility Study
Valuation Study
Sector Analysis
Sector Analysis
Sector Analysis
2006
2006
2004
2003
2000
Valuation Study
Financial Advisory
Feasibility Study
Financial Advisory
Benchmark Analysis
1999
1998 - 2002
1998
1997 - 2000
1995 - 2002
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Track Record in IPOs & SPOs - Selected Projects (2010 - 2012)
IPO
IPO
IPO
IPO
IPO
Consortium Member
Consortium Member
Consortium Member
Consortium Member
Consortium Member
2012
2012
2011
2011
2011
IPO
IPO
IPO
IPO
IPO
Consortium Member
Consortium Member
Consortium Member
Consortium Member
Consortium Member
2011
2011
2011
2010
2010
IPO
IPO
IPO
IPO
IPO
Consortium Member
Consortium Member
Consortium Member
Consortium Member
Consortium Member
2010
2010
2010
2010
2010
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Track Record in Privatization - Selected Projects
Erdemir Privatization
Türk Telekom Privatization
Afyon Plant Privatization
Aksu Plant Privatization
Kastamonu Plant
Privatization
TPI
Advisor To Buyer
Advisor To Buyer
Advisor To Privatization
Administration
Advisor To Privatization
Administration
Advisor To Privatization
Administration
2005
2005
2003
2003
2003
Çaycuma Plant Privatization
Balıkesir Plant Privatization
İzmit Plant Privatization
Dalaman Plant Privatization
Bolu Plant Privatization
Advisor To Privatization
Administration
Advisor To Privatization
Administration
Advisor To Privatization
Administration
Advisor To Privatization
Administration
Advisor To Privatization
Administration
2003
2003
2003
2003
2003
Akdeniz Plant Privatization
Advisor To Privatization
Administration
Advisor To Buyer
2003
1995 - 1997
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Ata Invest - IB Team
IB Team
Ayşegül Yeşilgün
Head of
Investment Banking
15 years of experience
Ayşegül Yeşilgün joined Ata Invest in February 2013 from Yıldız Holding (Ülker Group) where she led a number of transactions as M&A and
Business Development Co-ordinator. Prior to that, she held several positions within the Group including "Packaging, ICT and Real Estate Group
CFO" and "Corporate Finance Group Co-ordinator".
Before her career at Yıldız Holding, she worked for Ernst & Young (formerly Arthur Andersen) (1998-2007) where she acted as "Senior
Manager/Global Corporate Finance" (2002-2007), "Senior Associate/Global Corporate Finance" (1999-2002) and "Auditor/Audit & Business
Advisory Services" (1998-1999).
Some of the key transactions that Ms. Yeşilgün successfully completed include:
• Sale of Turkey’s leading corrugated packaging producer Tire Kutsan to Mondi Group (Austria)
• Acquisition of Rotopaş from Alcan Packaging Group (France)
• Establishment of Caribou Café chain in Turkey and its acquisition of a number of café retail chains including some selected Gloria Café chain
stores as part of the expansion strategy
• Divesture of Global İletişim (subsidiary of Yıldız Holding) to Turkcell Group; acquisition of Penta Elektronik (one of the leading IT distribution
companies in Turkey) and its subsequent merger with Mersa System operating under Yıldız Holding
• Divesture of Duran Doğan (owned by Yıldız Holding) to LGR Emballages (France)
• Acquisition of BOPET producer Nuroll (Italy) for Polinas (Turkey)
• Acquisition of İzocam, leader in Turkish insulation sector, by Alghanim Industries (Kuwait) and Saint Gobain (France)
• Acquisition of Şok Market, the retail discount chain, from Migros
• Valuation studies including: Valuation of Yapı Kredi - Koç Bank, Tansaş - Migros, and Carrefour-Gima for their respective merger processes;
Valuation of Tüpraş for Koç Group; Post-merger valuation of Finansbank and its subsidiaries for National Bank of Greece
• Financial advisory to Halkbank as part of its privatization preparation process
She graduated from Boğaziçi University in İstanbul with a degree in Business Administration (High Honor). She is also a member of İstanbul
Chamber of Certified Public Accountants. She speaks English.
Demir Demirbağ
Senior Director
15 years of experience
Demir Demirbağ joined Ata Invest in early 2012. Before joining Ata Invest, he worked at 3 Seas Capital Partners (2007-2012), Dexia Bank (20042007), Garanti Securities (2002-2004) and Dundas, Unlu & Co. (1998-2001). Throughout his career, Mr. Demirbağ worked on both buy-side and
sell-side M&A advisory deals.
Some of the key transactions that Mr. Demirbağ successfully completed include:
•
•
•
•
Food retail chain Mezzaluna’s majoirty sale to D.Ream
DDS Diagnostics Systems’ acquisition by Erba Diagnostics Mannheim GmBH
Turkon and MNG Holding’s sale of five hydro power plants (total capacity 95 MW) to Energo Pro of Czech Republic
Unitim Holding’s sale of operating rights and assets of Harvey Nichols Istanbul to Demsa Group
He has also executed the IPO of Bank Asya with an IPO size of US$ 180 million. He also advised Privatization Administration in its privatization
of Turk Telekom for a value of $6.6 bn. Moreover, he has advised Zorlu Group in evaluation of privatizations including Tüpraş, Erdemir, Eti
Aluminyum and Rumeli Cement privatizations. He graduated from Georgetown University in 1997 with a B.S. in Business Administration. He
speaks English.
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IB Team
Ayça Atalay
Director
15 years of experience
Burcu Örsel
Director
10 years of experience
Ayça Atalay joined Ata Invest in 1997. Prior to Ata Invest, she worked at Deloitte Touche Tohmatsu as an auditor. During her work at Deloitte
Touche Tohmatsu, she has been involved in the audits of several companies including Tupras, Brisa, Emlakbank. Currently she is the Director of
Investment Banking at Ata Invest. Ayca holds a BSc (Hons) in Business Administration from Middle East Technical University (METÜ). She
speaks English. She has extensive experience in the privatization process where she has undertaken responsibilities during the privatization
studies of SEKA and Erdemir. She executed more than 60 IPOs and SPOs including Petrol Ofisi, Tüpras and Petkim. She has been involved in
several transactions as a buy-side or sell-side advisor such as;

Sell side advisory to TAB Gıda shareholders during the sale of minority shareholding to Cartesian Capital

Buy side advisory to Dubai Investment Group during their bidding process of Sekerbank for a total transaction value of $301 mn

Buy side advisory to News Corporation in tis acquisition of TGRT and Kamera Reklam

Buy side advisory to Arcelor during the privatisation process of Erdemir

Sell Side advisory to Privatisation Administration fo Turkey during the privatisation process of SEKA (Turkish Pulp and Paper Mills)

Preparation of a sector report on Auto Parts Industr in Turkey for IFC

Benchmark consultancy study for Burger King in Turkey
Burcu Örsel joined Ata Invest in 2013. Before joining Ata Invest, Burcu worked at Goldman Sachs, Merrill Lynch and RBS in Industrial and Turkey
Coverage teams. Burcu has broad experience in M&A, debt and equity financing and capital markets advisory. She holds a BSc (Hons) in
International Business with Economics from University of Manchester Institute of Science and Technology (UMIST) and an MSc in Operational
Research from London School of Economics. She speaks English.
Some of the key transactions that Burcu has worked on include:
• Buyside advisory for the sale of Edinburgh Airport to GIP
• Buyside advisory for the privatisation of Turkish Toll Roads
• Buyside advisory for the acquisition of Arriva’s Germany assets
• Sellside / Dual track advisory for one of the largest European mail and logistics company
• Feasibility study for a potential merger of European rail leasing companies
• Sale of Eczacıbaşı Pharmaceuticals to Zentiva
• Qinetiq equity placing (AGT)
• Fairness opinion for Alternatif Bank
• Buyside advisory for Italiana Energia e Servisi S.p.A (IES) on its acquisition of a refinery
• Sale of Pirelli Cables (Prysmian S.p.A) to Goldman Sachs PIA
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IB Team
Başak Akdoğan
Assistant Manager
8 years of experience
Alp Can Gökdeniz
Assistant Manager
7 years of experience
Fatih Elmas
Associate
4 years of experience
Kerem Toz
Associate
4 years of experience
Başak Akdoğan joined Ata Invest in 2006. She has been involved in buy and sell-side advisory services for private equity funds and strategic
investors in a wide range of domestic & international transactions where the scope of work included identification and assessment of the
potential targets, introducing clients’ business, organizing site visits, strategy recommendations, valuation, preparation of IM, management of
the data-room process for potential investors and preparation of legal and other documentations. She also completed several consultancy
projects, where the scope of work included feasibility studies, strategic planning, and sectoral analysis. Before her Ata Invest experience, she
worked as a Research Analyst in the Industrial Development Bank of Turkey (TSKB). At TSKB, she prepared and updated company reports of ISE
listed companies operating under durables and cement sectors. She has a BA in Economics from Yıldız Technical University and an MSc in
International Business Management from University of Surrey. She speaks English and French.
Alp Can Gökdeniz joined Ata Invest in 2012. Before joining Ata Invest, he was with Turkish Investment where he spent over two years as Senior
Analyst focusing on M&A transactions. Prior to that, he served as a corporate finance professional at Garanti Securities where he was involved
in a number of M&A deals with a total value exceeding US$ 2.5 billion. Alp Can has a broad experience in deal execution and valuation
analyses. He has worked on many high profile transactions including the privatizations of Turkish Toll Roads and Bridges, ATV & Sabah, Rumeli
Holding Cement Group and Turk Telekom. He also worked on the sell side advisory for Çimko on its 30 % stake sale to Barbetti, Şanlıurfa
Cement sale to Limak and Ağım Family on the sale of Gemport, the first privately held port in Turkey. He holds a BSc in International Finance
from Istanbul Bilgi University. He speaks English.
Fatih Elmas joined Ata Invest in 2013. Before joining Ata Invest, Mr. Elmas worked at Toyota Tsusho Europe S.A.-Turkey (2012) where he was
responsible for business development. He engineered the development strategy for Turkey for the Company and conducted several sector
analyses including F&B and healthcare sectors. Prior to Toyota Tsusho, he worked at Yıldız Holding (2008-2012), the leading Food & Beverage
producer in Turkey where he took several different roles. He started his career in Treasury Department. After two years working within the
Treasury Department, he moved to Corporate Strategy Department. He was involved in various projects including SBU strategies and market
entry projects for International Operations Division. Then, he moved to M&A and Business Development Department where he participated in
a number of M&A and business development projects. He performed market research analyses, built business models and conducted
valuation analyses. He acted as the co-ordinator of due diligence teams. He holds a BSc in Business Management from Istanbul University. He
speaks English.
Kerem Toz joined Ata Invest in 2014. Prior to Ata Invest, he has worked for Ernst&Young Corporate Finance department for nearly 3 years. He
has been involved in nearly 30 due diligence projects in various sectors, mainly, banking, insurance, pharmaceuticals, port, energy and
production. Besides due diligence, Kerem also participated in a few valuation projects in financial services, IT and security sectors and an M&A
project regarding the sell side advisory of an online gaming company. After Ernst&Young, Kerem continued his career at Deloitte Corporate
Finance as a senior associate in valuation team for 5 months. In Deloitte, he has executed valuation projects of a bank, a retail company
operating in mobile phones, a discount store, a construction company, a hospital and a plaster manufacturer. Kerem holds BA in economics
from Marmara University and MSc in Financial Economics in Istanbul Bilgi University. He speaks English.
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New York
İstanbul
Dubai
19 West 44th St. Suite 1410
New York, NY 10036
USA
Emirhan Cad. No: 109 Atakule,
12th Floor, 34349 Balmumcu, İstanbul
Turkey
Office 508, Liberty House, Sheikh Zayed
Road P.O. Box 506709 Dubai,
UAE
Tel:
Fax:
Tel:
Fax:
Tel:
Fax:
+1 646 454 8600
+1 646 454 8699
+90 212 310 6200
+90 212 310 6244
+971 4 375 5627
+971 4 425 5794