Cinven Enters Turkey With 2 Major Investments

Law360, New York (June 25, 2012, 1:38 PM EDT) -- European private equity firm Cinven Partners LLP said Monday that it had agreed to invest in two Turkish companies, electronic alarm system provider Pronet Guvenlik and industrial insulation company Prezioso Technilor, marking its entrance in the country's burgeoning energy market.

Cinven agreed to purchase Prezioso from Indigo Capital LLP and take a majority stake in Pronet from Turkish Private Equity Fund I LP, its first ever investments in Turkey. The investment was spurred by the Turkish economy's rising amount of disposable income, growing urbanization and awareness...
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