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Three Qatari companies pursuing Turkish e-commerce, F&B firms

  • 12 September 2018
  • Author: QT01
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Three Qatari companies pursuing Turkish e-commerce, F&B firms
Satyendra Pathak
Doha
Qatari companies have shown great interest in acquiring Turkish e-commerce and food and beverage (F&B) companies in a bid to diversify their portfolios in Turkey, a top investment banker from Turkey has said.
In an exclusive interview with Qatar Tribune, Pragma Corporate Finance Managing Director Kerim Kotan said that three Qatari companies have shown interest in acquiring Turkish firms like www.sefamerve.com and Bereket Döner that are on the sale block.        
While www.sefamerve.com is one of the top Turkish e-commerce platforms, Bereket Döner is one of the biggest restaurant chains in Turkey known for high-quality meat products.   
“Historically, Turkey has been one of the top investment destinations for Qatar. To date, there was a lot of interest from Qatar in banking & financial services, real estate and media. Going forward, I expect to see more interest from Qatari companies into Turkish e-commerce and F&B companies,” Kotan said. 
Pragma, a leading investment banking advisory firm in Turkey with 85 closed mergers & acquisitions (M&A) and financing transactions, also sees a material jump in mergers and acquisitions (M&A) and initial public offering (IPO) activities in Qatar in the next two or three years. 
Kotan said, “It is no secret that M&A, IPO and Private Equity market closely follow economic activities in a country. So I would not be surprised to see Qatari economy’s take-off in the next 2-3 years, to be followed by a material jump in M&A and IPO activities.”
“We are in constant dialogue with more than 100 sovereign wealth funds (SWFs), holding companies, family offices, ultra-high net-worth individuals (UHNWIs) and other players globally. I can say with great confidence that there will be an increasing level of foreign investment into Qatar. Media, retail,
food, construction, real estate,
hospitality, fashion and technology are the industries of interest,” he said.
However, he said, over the past few years, M&A activity involving Qatari investors has been primarily characterised by outbound investments in the developed and emerging markets like US, Europe and Asia. Qatar’s most prominent investors such as Qatar Investment Authority (QIA), Qatar National Bank (QNB), Bein, Ooredoo, Qatari Diar and Qatar Petroleum (QP) have been acquiring assets all the way from Turkey to South-East Asia in the real estate, finance, diversified industrials, energy and hospitality sectors, he said.
Stating that Qatari firms should be expanding more aggressively internationally by acquisitions, Kotan said “A well-defined strategy supported by analytical exercise on all strategic options like M&A, IPO, green-field, joint-venture, status-quo etc should follow appropriate resource reallocation to map out a detailed portfolio review identifying potential acquisition targets and divestiture opportunities. Companies which become more successful at dealmaking are those who apply the same focus and consistency to this process year after year, developing a pipeline of potential acquisitions around various scenarios and business plans.”
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