Privatization Advisory
Our team, having successfully executed substantial privatization transactions in both sell-side and buy-side capacities, offers comprehensive financial advisory services for the divestiture processes of companies and assets under the portfolios of the Republic of Türkiye Ministry of Treasury and Finance Privatization Administration and the Türkiye Wealth Fund. These services are rendered either to the relevant authorities on the sell-side or to prospective investor candidates interested in acquiring the aforementioned companies and assets on the buy-side.
The stages of our sell-side advisory services in privatization processes include:
- Forming the advisory team, distributing tasks, and submitting consultancy proposals based on the relevant institution's request and the specific scope of the privatization process,
- Defining project roadmap and strategy according to the privatization project's job description following the acceptance of the proposal,
- Identifying potential investors or partner candidates,
- Creating promotional and marketing materials, including tender documentation, process letters, and all other relevant documentation,
- Formulating the approach strategy for potential investor candidates,
- Managing and coordinating the data room and other necessary preparations for the detailed financial analysis and valuation studies to be conducted by potential investors,
- Preparing draft binding agreements in collaboration with legal advisors and evaluation of investor feedback,
- Negotiating of binding agreements and pricing with potential buyer(s) and conducting the bargaining process,
- Coordinating the closing procedures.
The stages of our buy-side advisory services in privatization processes include:
- Assisting in the preparation of documentation demonstrating that the investor possesses the technical and financial qualifications required to participate in the acquisition process of the company or asset subject to privatization,
- Supporting the selection of other advisors to be involved in the due diligence process of the target company or asset and ensuring coordination for the fulfillment of their duties throughout the process,
- Preparing the valuation model to serve as the basis for the bid price and providing opinions on determining the appropriate price offer through scenario analysis within the model,
- Reviewing draft binding agreements in collaboration with legal counsel and presenting opinions to the investor,
- Providing support in identifying suitable partner candidates and negotiating the necessary partnership agreements if the investor plans to submit a bid as a consortium or joint venture,
- Assisting in the preparation of the bid dossier,
- Coordinating communications and negotiations to be conducted with the relevant selling institution,
- Coordinating the closing procedures.