© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Abraaj Group Acquires Stake in Hepsiburada.com
Posted 27th February 2015

Abraaj Group Acquires Stake in Hepsiburada.com

NULL

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Abraaj Group Acquires Stake in Hepsiburada.com
Image

Abraaj Group Acquires Stake in Hepsiburada.com

The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced the acquisition, through one of its Funds, of a minority stake in Hepsiburada.com (‘Hepsiburada’ or the ‘Company’), the market leader in the Turkish online retail sector.

The investment will be used by Hepsiburada to accelerate the rapid expansion of its market leading e-commerce operations in Turkey, including a custom-built, state-of-the-art fulfilment centre. 

Established in 1998, Hepsiburada is headquartered in Istanbul, Turkey, and owned by the Dogan family, controlling shareholders of the Dogan Group, a leading Turkish conglomerate active in the media, energy, financial services and tourism sectors. The Company began as a vertical e-commerce player focused on IT hardware and has since diversified its portfolio. Its offering of 500,000 products in more than 30 different categories in 2014 is rapidly expanding and already has a broad range from mobile phones to cosmetics.

Hepsiburada has been a pioneer in growing the online retail sector in Turkey with a strong focus on offering the largest product selection available and improving the user experience by providing value-added services such as same-day delivery. It is also the country’s only online retailer with the requisite infrastructure to store credit card data, allowing customers to make swift online purchases using express check-out functionality.

Commenting on the transaction, Arif Naqvi, Founder and Group Chief Executive of The Abraaj Group, said: “Our investment in Hepsiburada represents a landmark transaction for Abraaj in the online retail space and marks our ninth investment in Turkey since 2007. Our strong credentials in Turkey are underpinned by proven partnerships, outstanding exits and a robust commitment to value creation, which we will continue to demonstrate using our significant regional and investment expertise to transition Hepsiburada into the next phase of its growth trajectory”.

For more information about either company, please visit www.abraaj.com or www.hepsiburada.com.

Categories: Finance, M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
U.S. Air Force Academy
Leadership
25/03/2015U.S. Air Force Academy

William LaMont (T) Thompson, Esq. is President and Chief Executive Officer of the Association of Graduates of the United States Air Force Academy. He told us about his fascinating story from enlisting in the US Air Force, to building his own company and beyond

Read Full PostRead - Eye Icon
Is Now a Good Time to Invest in the US Dollar Index?
Finance
10/03/2023Is Now a Good Time to Invest in the US Dollar Index?

The US Dollar Index is a financial asset that tracks the movement of the US dollar against six major currencies. The index has attracted many investors over the years and is considered to be a strong option for long-term portfolios.

Read Full PostRead - Eye Icon
The International Pillar for Geo-Information
News
08/08/2023The International Pillar for Geo-Information

Through specialising in geo-information services, GEO-MIK has redefined what it means to portray an unrelenting sense of brilliance. Its

Read Full PostRead - Eye Icon
Applied Software Acquires Tekni
M&A
22/02/2016Applied Software Acquires Tekni

Applied Software®, a systems integrator to the AEC, Construction and Manufacturing industries, announced today the acquisition of Tekni, a reseller of Autodesk software for the manufacturing marketplace headquartered in Chesterfield, Missouri.

Read Full PostRead - Eye Icon
The Future of Work Dichotomy in a Digital World
Innovation
01/02/2023The Future of Work Dichotomy in a Digital World

Any business leader hoping to return to ‘traditional’ ways of working is on a fast-track to failure. That horse has bolted. Not only have employees re-evaluated the concept of work, but they have the experience that proves digital technologies enable a fun

Read Full PostRead - Eye Icon
What Does Non-Verbal Communication Look Like Across Different Business Cultures?
News
05/09/2023What Does Non-Verbal Communication Look Like Across Different Business Cultures?

Cultural diversity has an interesting aspect – how it can be expressed through non-verbal communication. Although nonverbal communication is integral to every culture, it can take various forms – from subtle to obvious. Whatever form it takes, nonv

Read Full PostRead - Eye Icon
Consumer debt repayment is surging, but will the trend last?
News
27/07/2020Consumer debt repayment is surging, but will the trend last?

As we weather the storm of COVID-19, we’re seeing a surprising trend in the consumer market of the personal finances industry: debts are being repaid like never before. With British households holding well in excess of one trillion Pounds in debt, the beginn

Read Full PostRead - Eye Icon
The Dos And Don’ts Of Sending Money To Canada
Finance
12/08/2022The Dos And Don’ts Of Sending Money To Canada

Digitization has led to the development of smart ways of executing operations. Different industries benefit from digitization, and one of them is banking. Previously, you had to visit your bank physically to access your money. Today, you have a more convenient

Read Full PostRead - Eye Icon
Whistleblowing Changes: Is the Financial Services Sector Ready?
Strategy
03/06/2016Whistleblowing Changes: Is the Financial Services Sector Ready?

byrne·dean exists to help create kinder, fairer more productive workplaces. We’re best known for delivering truly engaging training and we have done so in over 30 countries since 2003.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow