“The ones who underestimate experience, pay a high price for inexperience.”
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Announcement, June 2017



Globalturk Capital Provided Advisory Services to Tuncmatik to Receive Project Finance for Their Solar Projects
Globalturk Capital assisted Tuncmatik to receive 73 Million US$ project finance from Aktifbank for more than 70MW of its solar power plants in Turkey.
Globalturk Capital has acted as the financial advisor of Tuncmatik in securing project finance for its more than 70 MW solar projects. Aktifbank, a privately owned investment bank in Turkey has provided 73 Million US$ project financing. This has been the largest project finance for solar projects in one tranche to date in Turkey.   Since 2014, the Company has built more than 20 MWs of solar PV plants in Turkey for its and an additional 10MW to operate by its own, which provided a unique know-how to the Company in how to acquire rights, build, maintain and operate such plants. With the secured funding, the Company plans to build 70MW of PV solar power plants within the next 6 months.
Tuncmatik, possesses 10 years of focused know-how and experience in the photovoltaic solar electricity generation business as a major developer, EPC Contractor, solar plant operator and an investor in Turkey. Tuncmatik is owned by Mehmet Özer who is a renowned Turkish entrepreneur and a strong believer in solar energy.   Globalturk Capital’s Managing Partner Baris Oney said: "We are proud to see the financing of these valuable solar projects being realized, which we had worked day and night to develop the financial model, made numerous alternative financial scenarios and discussions with financiers and investors".
GLOBALTURK CAPITAL, AMONG ITS ACTIVITIES GLOBALLY, IS SUCCESSFULLY ASSISTING TURKISH COMPANIES TO RAISE FUNDS FROM PRIVATE EQUITY FUNDS, FINANCIAL INSTITUTIONS AND IN THEIR SHARE SALES TO FOREIGN AND DOMESTIC STRATEGIC AND FINANCIAL INVESTORS
Globalturk Capital has previously played a key role at the investments of PVL in Otosima in 2015, NBK Capital (Private Equity Fund) in Sistem 9 Medya (Turkey’s leading digital signage Company) in 2014 and raised growth capital for Tempo Call Centre in 2013 through a similar process by facilitating an investment from Japanese conglomerate Mitsui. Globalturk Capital has worked in Turkey and abroad on numerous projects in institutionalization, business structuring, project financing, capital-raising for Turkish companies from private equity funds, mergers and share sales as well as foreign companies entering the Turkish market by setting up companies from scratch and Turkish companies going abroad. Globalturk Capital continues to provide similar services to many companies.
Baris Oney further mentioned that "It is important to work round the clock most comprehensively by focusing on financial modelling with numerous workable and flexible scenario analysis in such energy projects and persistence at every stage of the transaction to achieve such results. Strategizing for every small but key matter makes a difference at the turning points of the process."
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