Orion Capital Partners

Turkey, seen from the Gulf

Turkey, seen from the Gulf.

Sovereign funds, family groups and companies from the Gulf have bought into Turkish banking, e-commerce, software, games and mining, and agreed terms for a coffee chain. Orion works for Gulf buyers in Turkey: we find the companies that fit, open the conversation with their owners in Turkish, and stay with you to completion.

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Turkish M&A transactions, January 2025 to September 2026649 announced transactions with a Turkish target. Each point is one transaction. Wedges are sectors and distance from the centre is time. A filled star has a disclosed value, sized by value; a hollow ring is undisclosed. Colour is the buyer’s origin.

Every point is a transaction with a Turkish target since January 2025. The lit ones had a buyer from the Gulf. Counted by the buyer’s own country; Gulf-owned groups based elsewhere, such as Scopely, are named below but not lit.

Already in Turkey

Gulf buyers in Turkey, 2024 to 2026.

TargetBuyerSectorValueDate
Espressolab, 70%MAIR Group Abu DhabiCoffee retailNot publishedSigned Sep 2026
SegmentifyUnifonic Saudi ArabiaMarketing softwareNot publishedJun 2026
Samaş and TekatronOman Investment Authority, with OYAK OmanMining, defenceUSD 30m; EUR 15mMay 2026
Loom Games, majorityScopely (Savvy Games Group, PIF) United States, owned from Saudi ArabiaGamesValuation reported above USD 1bnFeb 2026
Corena Ecza DeposuEarlyHealth Group UAEPharma distributionNot publishedJun 2025
n11.comDMSF Holding Abu DhabiE-commerceNot publishedJun 2025
Odeabank, 96%ADQ Abu DhabiBankingNot publishedCompleted Mar 2025
T.O.M. Group, to 25%Dubai Islamic Bank DubaiDigital bankingNot publishedJan 2025
GlassHousee& enterprise UAECloud and IT servicesUSD 60m (enterprise value)Completed Sep 2024

Values as published; sources are linked.

Globalscope Partners in the Gulf

Your adviser at home, and ours in Turkey.

Orion is the Turkish member of Globalscope Partners, with member firms in 51 countries. If you work with a Globalscope member firm in the Gulf, that firm and Orion run a Turkish transaction as one team: your adviser at home, Orion in Turkey.

Globalscope Partners

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The Turkish market, nine months of 2026

255transactions with a Turkish target
USD 7.8bndisclosed value
USD 7mmedian disclosed deal
20%with a foreign buyer
Gulf 13Istanbul

Transactions in Turkey by buyers from the Gulf, January 2025 to September 2026.

Source: Orion Capital Partners’ register of Turkish M&A, January 2025 to September 2026. The full market view

How we work for you

From the map to the table in four steps.

  1. 01

    The market

    Who has bought in your sector, from where, at what value and on what terms: we start from the transactions already done in Turkey.

  2. 02

    The long list

    Companies screened for size, ownership and fit with your strategy, each with a short profile and the reason it fits.

  3. 03

    The approach

    We reach owners in Turkish, through people who know them. With a family owner the first conversation is usually about more than price.

  4. 04

    The transaction

    Valuation, non-binding offer, due diligence, agreement and completion, with lawyers and auditors coordinated and regulatory filings planned with your counsel.

What buyers ask us

Before you look at a Turkish company.

  1. 01

    How do you value a Turkish company?

    In US dollars or euros, on figures restated from the Turkish statutory accounts, with the exchange-rate basis stated. We separate real growth from price effects before we talk about multiples.

  2. 02

    What approvals are needed?

    Transactions that change control and exceed the turnover thresholds need clearance from the Turkish Competition Board, and sectors such as banking, energy, media and defence have their own regulators. We build the timetable around them with your counsel.

  3. 03

    How does a conversation with a family owner go?

    The first conversation is with the family, in Turkish, and usually about more than price: the name, the employees, the role of the next generation. The buyer who addresses these early stays at the table.

  4. 04

    Can you work alongside our own advisers?

    Yes. We work with your advisers in the region and, when a transaction needs reach beyond Turkey, with Globalscope Partners member firms in 51 countries.

Start with a conversation.

A first conversation is confidential and carries no obligation.