Increased government spending, a 6% rise in private investments and the creation of the SWF (sovereign wealth fund) holding assets worth billions of dollar. Has allowed for the Turkish economy to remain buoyant despite recent disruptions and market downgrade.
The Turkish government is determined to focus on implementing much-needed economic reform which will encourage domestic and foreign investment. Also, stability post-referendum will help to boost domestic consumption.
With projects such as the $10.2 billion Istanbul Grand Airport (IGA) and the $5 billion Çanakkale Bridge in the pipeline, Turkey has ambitious plans for mega infrastructure projects to be reached by 2023. These projects require large amounts of financing from the private sector, which in turns has created opportunities in PPPs.
The summit will have a strong focus on Private Equity and Venture Capital investments, which have continued to see steady growth. Turkey attracted over $12 billion worth of FDI in 2016.
Turkey offers exciting opportunities for international investors who are prepared to mitigate risk to reap the benefits. This one-day multi-streamed summit will assemble a diverse, global audience of government officials, institutional investors, asset managers, industry leaders and policy makers to discuss opportunities for investment in the Turkish PPPs, Private Equity, Venture Capital, M&A, Energy, Infrastructure, and Manufacturing sectors.
Who should attend:
- Asset and portfolio managers investing in infrastructure, energy and manufacturing
- Private Equity Funds and Venture Capitalists
- Local and International Investment Banks
- Institutional investors
- Risk management firms
- PPP Project Managers
- Financial advisors and consultants
- Law Firms
- Contractors, Developers in Infrastructure, Healthcare, Energy and Renewable Energy
08.55 – 09.00 OPENING ADDRESS FROM THE CHAIRMAN
09.00- 09.15 KEYNOTE SPEECH
Jean-Patrick Marquet, Managing Director, EBRD
09.15- 10.15 ECONOMIC OVERVIEW - OPPORTUNITIES FOR INVESTMENT
- Impact of recent referendum on market stability and investment climate – how to overcome challenges and harness future opportunities
- Recent downgrades – how to restore investors’ confidence
- Key regulation and policies to consider when investing
- Emma Edhem, Chairman, Turkish British Chamber of Commerce and Industry
- Ahmet Iplikci, Managing Director, Ishtar Advisory Limited and Strategic Board Member, Banco Finantia
- Murat Özdemir, Country Advisor for the United Kingdom, Republic of Turkey Prime Ministry, Investment Support and Promotion Agency of Turkey (ISPAT)
- Cameron Murray, Head of Middle East & Africa Commercial Division, Lloyd’s
- Nicolas Bertrand, Global Head of Derivatives Markets and Commodities, London Stock Exchange Group (invited)
10.15 - 11.15 Assessing successful implementation of PPP projects
- How to finance Turkey’s $15 billion PPP projects
- How to successfully implement PPP legal frameworks
- The role of Islamic Finance in financing projects
- Reviewing successful PPP projects in healthcare, education and transport – lessons learnt
- Effective strategies – how to manage risk on various projects
- Successful tenders: building an effective investment team when engaging with multiple stakeholders
- Cross border strategies: how to successfully manage international partnerships across multiple jurisdictions
- Case studies:
- Yozgat Education and Research Hospital PPP project
- ETLIK PPP project
- Şule Topçu Kılıç, Deputy Country Director, Turkey, European Bank for Reconstruction and Development
- Pietro Crescini, Assistant General Manager, Structured Finance Department, Sumitomo Mitsui Banking Corporation (SMBC)
- Nurhan Uyduroglu Karaca, Advisor to Chairman, Turkerler (TBC)
11.15 – 11.45 MORNING BREAK AND NETWORKING
11.45 - 12.45 Private Equity and M&A Opportunities
- Opportunities in currency fluctuation on deal valuation
- Deal driving factors – which sectors are poised for growth?
- Private equity fund strategies – how to make successful investments
- M&A trends and future deal expectations
- Valuation methodology for the Turkish market
- Regulatory pressures – opportunities for acquisition in a highly regulated banking sector
- Managing risk: effective legal structures on cross border deals
- Exist strategies – opportunities in IPOs
- Serkan Cetin, Vice President, Investment Banking, M&A EMEA, Nomura International
- Murat Özgen, CEO, İş Private Equity
- Gokhan Ozkan, Executive Director, EMEA FIG Advisory, J.P. Morgan
- Mehmet Sezgin, Managing Director, ÜNLÜ & Co
- Umut Kolcuoğlu, Founder and Managing Partner, Kolcuoğlu Demirkan Koçaklı Attorneys
12.45 – 13.45 LUNCH AND NETWORKING BREAK
13.45 - 14.45 SECTOR SPOTLIGHT: Infrastructure
- How to develop key partnerships to increase the role of the private sector in infrastructure projects
- Matching investment strategy with local projects: how to incorporate a bottom -up approach when investing
- Reviewing current and future project pipeline
- Creating value: long term trends impacting infrastructure investments
- Investment selection criteria – what do infrastructure investors want?
- Case studies:
- Çanakkale bridge and motorway project
- Third Bosphorus Bridge and Motorvay Project
Kanat Emiroglu, Advisor to Boston Consulting Group
- Murat Soğancıoğlu, Infrastructure Board Member, IC Holding
- Michael Emery, Head of EMEA Syndications, IFC
- Philip Bouverat, Director External Affairs, JCB
- Emre Hatem, Senior Vice President, Garanti Bank
14.45 - 15.45 SECTOR SPOTLIGHT: Manufacturing
- How to ensure Turkey continues to attract and retain manufacturing investment? Why do companies choose Turkey?
- Planning for a competent and highly skilled workforce and supply chain – do’s and don’ts when entering the market
- Investment incentives and legislation: taxation and land access
- Role of venture capital and private equity investments in meeting the demands of Turkish SMEs: how is this promoting growth into the sector?
- Case study: TBC
Patrick Regis, CEO, Rolls-Royce Turkey
Martin Bennett, Chief Executive – Turkey, BAE Systems (invited)
15.45 – 16.15 AFTERNOON NETWORKING BREAK
16.15-17.15 SECTOR SPOTLIGHT: Energy
- New regulatory developments to promote renewable energy investments: impact on asset valuations, revenue forecast and growth prospects
- Turkey and Europe: Assessing the role of Turkey as an essential route to market in securing European energy supplies
- Future of Turkey’s petroleum market, and partnerships between local and international investors
- Exploring future domestic energy and power demands – what opportunities does this create for international investors?
- Key opportunities for investment: Identifying the gaps in oil and gas infrastructure
- Case study: TurkStream
17.15 END OF CONFERENCE AND NETWORKING RECEPTION
May 2nd –
June 7th –
18 West Smithfield
If you require accomodation for this event, please click here to view local hotels to suit your budget.
Serkan Cetin is a Vice President in Nomura's EMEA Mergers & Acquisitions team. Having joined Nomura in 2015, Serkan is also responsible from Nomura's investment banking activities in Turkey.
Serkan has 10 years of investment banking experience with a focus on cross-border M&A. He has advised both multinational and local clients on transactions in Turkey and other Emerging Markets such as Mexico, Romania and Serbia.
Prior to joining Nomura, Serkan has spent 7 years at Deutsche Bank and UBS in London, having focused on M&A transactions across sectors including financial institutions, consumer & retail, industrials, utilities, infrastructure, real estate and healthcare. He has also worked for Merrill Lynch in Istanbul as part of the Turkish equity research team covering banks and conglomerates.
Serkan holds an MBA degree from Koc University and a BA degree in Economics from Istanbul University, having graduated from Uskudar American Academy.
Jean-Patrick Marquet is the Managing Director for Turkey at the European Bank for Reconstruction and Development.
He has been based in Istanbul since 2015 and is responsible for leading the Bank’s operations and policy initiatives in Turkey.
A French national, Mr Marquet joined the EBRD in 2001 in the Natural Resources team developing oil & gas and mining investments out of London. In 2008 he was appointed Director of the Municipal & Environmental Infrastructure team, successfully running EBRD’s global operations in water, wastewater, waste management, urban transport, district heating or social infrastructure PPPs.
Before joining the EBRD, he was a project finance banker at Crédit Agricole CIB (formerly known as Crédit Lyonnais) in Paris and London, successively focusing on the property, mining & metals and infrastructure sectors.
Mr Marquet’s academic background includes a Master in Management from HEC Paris school of management and a Master of Law from the Assas law school at Panthéon-Sorbonne university in Paris.
Gokhan Ozkan is currently working as an Executive Director in the CEEMEA FIG team in London. Mr. Ozkan has joined J.P.Morgan as an analyst in June 2006. Previously, Mr Ozkan has conducted an internship at J.P. Morgan’s Istanbul office. Prior to that, Mr.Ozkan worked at Procter & Gamble as a logistics engineer (2005). Mr. Ozkan holds a B.Sc. in Industrial Engineering from the Middle East Technical University in Turkey (Sep '01 - Jun '05) and completed his Executive Education at Harvard Business School (Sep '14 - Aug '15).
Pietro Crescini is a member of the Structured Finance Department at SMBCE and has more than 15 years experience in project finance.
Pietro joined SMBCE in 2006 and is currently based in London, during his 11 years in SMBC he has been working also in Milan and Tokyo. His primary focus is to lead the originating, structuring and closing PPP and project finance transactions in the wider EMEA region. During this period has played an important role in closing cutting edge transactions such as Adana (the first ever Turkish hospital PPP to close) and recently Fadhili in Saudi Arabia. In Turkey he has also structured and close also Yozgat hospital and is now working on closing another 2 hospital projects.
Prior to SMBCE, Pietro worked both in advisory and in the public sector. He joined SMBC from an SPV owned by the Italian Government to develop a large infrastructure project and in PwC London project finance advisory. Pietro holds an MBA from the University of Nottingham (UK) and graduated in Business and Economics at the University of Parma (Italy).
Murat Özgen has over 24 years of professional working experience; over 15 years of which is with İş Private Equity. In addition to his transactional experience, Murat Özgen has significant board level experience in portfolio companies and he is also an Investment Committee member of Is Private Equity. Before joining İş PE. Murat Özgen worked mainly in finance and banking industries at local and global institutions in Turkey and abroad; at Koçbank in İstanbul, Commerzbank AG in New York, and at Facility Group, Inc. in Atlanta.
Among the pioneers of development of private equity industry in Turkey, İş Private Equity is a generalist mid-market fund with a focus on growth equity and buy-out investments. İş PE is the leading private equity house in its segment with a strong and consistent track record of 17 investments and 11 exits in Turkey. Leveraging on its experience in Turkish PE market accumulated over the years, Is Private Equity invests in outstanding companies in a variety of sectors, which promise high growth potential driven by their unique competitive advantages. Is PE leads its portfolio companies with its proven value creation approach to deliver success stories. Is PE’s main focus is on Retail, Consumer & Business Services, Healthcare, Education, Industrials and TMT sectors.
Cameron is responsible for developing and implementing Lloyd’s business and market development strategy across the Middle East, Turkey and Africa. He has overall operational responsibility for the region, supported by teams in London, Dubai and Johannesburg.
Cameron joined Lloyd’s in 2000 tasked with developing and implementing Lloyd’s broker accreditation programme to widen and internationalize broker access to the Lloyd’s market. He then spent three years in Asia as Lloyd’s Country Manager for Hong Kong before returning to the UK in 2005 to manage Lloyd’s relationships and communications with regulators around the world. This included leading dialogue on issues of regulatory policy with insurance supervisors in the 75+ countries in which Lloyd’s is licensed, and spearheading market access negotiations with government and regulatory authorities in India and Turkey.
Previously, Cameron held specialist roles on European insurance legislation and UK distribution and broker regulation at the Association of British Insurers (ABI). He also served a year as Special Assistant to the Director General and Secretary to the ABI Board.
Cameron is a graduate of European languages from the University of Bradford in the UK. He also holds a Masters degree in Diplomacy & International Strategy from the London School of Economics (LSE). He graduated from the Lloyd’s Leadership Programme at the London Business School in 2008.
Emma Edhem, CC is a Barrister of 24 years standing, an Arbitrator, Mediator and Deputy Head of International Law of the UK’s biggest set of Chambers, No5 Chambers. Her work centres on International Arbitration, national and international business law. She has been serving in the City of London Corporation as an elected Member of the Court of Common Council, Planning and Transportation Committee, Police Authority, Streets and Walkways Committee, Licencing Committee, Health and Social Care, Board of Governors of the Royal Bridewell Hospital and the City of London School for Girls. She is also the Chairman of the Standards Regime Review Working Party that sets the standard for the conduct of both the politicians and civil servants in all areas of the City of London's activities.
She is the first woman Chairman of the TBCCI, founder and on the Board of Directors of the UK Hungarian Business Council and the Board of Directors of the British Azerbaijan Law Association.
Emma won the 2016 shortlisted Grassroot Diplomat Award for outstanding politicians, in the Business Driver category. Her leadership of the TBCCI, support of small businesses and corporations, young City financiers, entrepreneurs and young people, were cited in recognition as some of the many factors.
Sule Topcu Kilic is the Deputy Country Director for Turkey at the European Bank for Reconstruction and Development (EBRD). She has been with EBRD since 2014 and reports directly to the Managing Director, assisting him to deliver the country strategy and the Bank’s operations and policy initiatives in Turkey.
Sule Kilic has over 23 years of experience working on a variety of projects in project finance, financial advisory, M&A, private equity, bank acquisition.
Before joining the EBRD, Sule has spent six and half years at Unicredit Group, most recently as Managing Director leading project finance activities for the Investment Banking Platform in Turkey. During this period, she took an active role in the development of BOT and PPP models in Turkish Transportation and Social Infrastructure Projects in Turkey, by taking a leading role in the structuring and negotiations of the Project Agreements with Ministry of Transportation, Ministry of Health and Turkish Treasury.
Prior to Unicredit, Sule held an array of Directorships and Vice Presidencies in project and structured finance, private equity in organisations such as Bayerische Hypo und Vereinsbank (Istanbul), Garanti Bank (Istanbul), Emporiki Private Equity (Athens & Istanbul), CitiBank (Istanbul) and Privatisation Administration (Ankara).
Sule is a Turkish national with a PhD in Finance from Boğaziçi (Bosphorus) University, a Master’s degree from Manchester School of Management (UMIST) and BSc in Industrial Engineering from Istanbul Technical University (ITU).
Michael is Head of EMEA Syndications at the International Finance Corporation in London responsible for syndicating IFC’s loan products to commercial banks, development finance institutions and institutional investors. He has led a number of landmark syndications for IFC in Turkey including in the energy and healthcare sectors. Michael joined IFC in 2010 after 10 years at ABN AMRO where he focused on emerging market loan syndications primarily in the EMEA region. Prior to that, he spent 10 years in project and export finance at Bank of Tokyo-Mitsubishi. Michael holds an MA from Oxford University.
Based in London, Mr. Özdemir is serving as the Country Advisor for the United Kingdom at ISPAT, the official organization of the Prime Ministry for promoting Turkey’s investment opportunities to the global business community and providing free-of-charge assistance to international investors before, during and after their entry into Turkey.
Before joining ISPAT in 2011, he worked for private sector companies and gained hands-on experience in investment project management in large scale energy projects and business consulting experience in supply chain management. He served as the Country Advisor for Canada at ISPAT in Toronto before relocating to London in late 2016.
Born in Adana, Turkey in 1979, he received B.Sc. and M.Sc. degrees in Industrial Engineering from Istanbul Technical University and Sabanci University, respectively.
Dr. Umut Kolcuoğlu received his law degree from the Istanbul University School of Law and his master’s degree (LL.M.) from the New York University School of Law in 2001. In 2009, he obtained his PhD on Corporate Law and Capital Markets Law from Istanbul University School of Law. He is admitted to the Istanbul Bar Association and the New York State Bar Association. Dr. Kolcuoğlu is the founder and managing partner of Kolcuoğlu Demirkan Koçaklı since 2007. Before founding the Firm, he worked in prominent law firms in Istanbul, New York and Frankfurt. Dr. Kolcuoğlu has significant experience in corporate law, M&A, finance and capital markets law. He has advised many private equities and strategic investors in various local and cross-border M&A deals.
Patrick Regis has been appointed as the Chief Executive for Rolls-Royce in Turkey in April 2012. In his role, Regis is responsible for the total regional business performance of Rolls-Royce’s four sectors: Civil Aerospace, Defence, Marine, Power Systems and Nuclear.
Prior to this assignment, Regis was the Country President for Vietnam and established a permanent Rolls-Royce presence in this emerging economy. He was also a Regional Director for North America in Rolls-Royce’s Marine business segment where he was instrumental in the rapid growth of the North American subsidiary and established Rolls-Royce as a leading provider of power systems in the United States.
Regis has been with Rolls-Royce for 15 years, preceded by a 22 year career with the US Navy.
Regis holds two Masters in Engineering from the Massachusetts Institute of Technology (MIT) in Boston and is a graduate of the Ecole Nationale d’Administration (ENA) in Paris.
Murat Sogancioglu, Received his MSc degree in Shipping, Trade & Finance at City University Business School in London in 1997. Completed his Bachelor’s degree in Management at Middle East Technical University. He began his professional career by working in International Trade Finance and as a Project Development & Finance Manager in London, he took part in IT and e-business investments, both in the UK and in Turkey. In 2004, he was employed within IC Holding as Director of Business Development and Infrastructure investments, later held the position of Managing Director of ICF Airports Antalya Airport. He currently continues his professional career as the Managing Director of Infrastructure Investments and Concessions Group, the Board Member of ICF Airports, and also the Member of the Executive Committees of IC Ictas Construction, ICA and IC Holding Infrastructure investments. He is currently handling new investments, and operation of Northern Marmara Motorway and 3rd Bosphorus Bridge Project in Istanbul, ICF Antalya Airport, Zafer Airport, investment and development of Karasu Sea Port Project, development of Hospital PPP programs and Investments. Married and has two children.
Mehmet Sezgin is a Managing Director in ÜNLÜ & Co, Turkey’s leading investment banking and asset management group. Mehmet is co-managing the Corporate Finance practice at ÜNLÜ & Co, a leading advisor in M&A in Turkey with over 100 completed transaction since 1996. Mehmet has joined ÜNLÜ & Co as a director in 2010 and through his tenure in ÜNLÜ & Co advised several milestone transactions such as private placement of DeFacto’s minority stake in 2015 and Tenaga Nasional’s investment in Gama Enerji in 2016. Mehmet has previously worked for ABN Amro/RBS and Garanti Yatırım. Mehmet has a BA degree from Bogazici University and MBA degree from INSEAD.
Philip Bouverat – JCB Director Global External Affairs
Multi-disciplined executive with a broad range of international market entry experience including mergers, acquisitions, joint ventures and listings. Having travelled extensively on a global basis, he has dealt with numerous hands-on international trade and finance scenarios, specializing in infrastructure solutions. A passion for British manufactured products and International trade has placed him in a valued position by successive Governments, participating on vital trade missions with Prime Ministers and Ministers, to numerous countries over the last twenty years.
Philip joined JCB in 2002 to bring the Chinese market into JCB’s global strategy. Currently based in London covering international diplomatic liaison, with particular emphasis on India and Global account relations; including Business Development and strategy approach to HVO's. He is a Director of the UK India Business Council, China-Britain Business Council, and Chairs The Infrastructure Group. He is a founder member of the UK Gov Asia Task Force and now sits on the ASEAN Council, founder Director of the Commonwealth Enterprise and Investment Council. Serves on the Jordanian Task force and JETCO for India and Brazil.
Emre Hatem, holds a Bachelor’s degree in Civil Engineering from Boğaziçi University, along with a Master’s degree in Management from Marmara University and completed Columbia Business School Emerging Leader Development Program and Maine University Business Administration Program.
Mr. Hatem, as the senior vice president of Garanti Bank Project Finance Department, is responsible for managing the project, acquisition and structured finance business. He has a more than 16 years hands-on experience in project finance, mergers and acquisitions, financial advisory, capital markets, syndicated loans, corporate and structured financings. He coordinated and led several projects in various sectors including but not limited to energy, transportation and real estate. Prior to Garanti, he has worked at various banks in Turkey.
Under his leadership, the team has been recognized by several international awards such as “Best Project Finance House in EMEA”, “Best Project Finance House in CEE”, “Best Project Finance House in Turkey”, “Best Energy Finance Provider”, “Turkish Finance Provider of the Year”, “Best Bank for Sustainability-Europe”.
He also leads the Sustainability Team of the bank and is the Vice Chairman and Board Member of the Turkish Green Building Council.
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