Turkven Invests in Pronet

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.

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