Turkven Invests in Pronet

Pronet_tomb
Turkven, Turkey’s only independent private equity firm, announced its investment in Pronet on Monday.  The Turkven team and the CEO of Pronet are both friends.  To top it off, another friend, Aycan Avci advised Pronet on the deal. Pronet’s been an ideal candidate for PE for a while – enjoying rapid growth with a very visible cash stream.

This is Turkven’s sixth closing on its debut fund.  In a panel last week, Evren Unver mentioned that work’s about to begin on the second fund.

Sometimes, I feel like the entire deal scene in Turkey is rooting for the success of Turkven.  I am excited for them.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s