International Interest in the Turkish M&A Sector Remains Resilient

​Deloitte Türkiye recently released its merger and acquisition (M&A) report for 2023, revealing that both the volume and number of M&A transactions declined globally. The report attributed the downturn to a number of challenging conditions, including rising borrowing costs, high inflation, and geopolitical tensions.

Despite the challenges, however, total M&A activity in Türkiye for 2023 maintained a noteworthy presence, with international investors sustaining a consistent level of interest compared to previous years. This involvement amounted to 96 transactions totaling USD 5.2 billion.

The energy sector took the lead in deal volume, disclosing a value of USD 570 million across 31 transactions, and constituting 18 percent of the total annual deal volume. Notably, the energy sector is witnessing the emergence of an ecosystem focused on renewable energy, incorporating transactions related to themes like micro-mobility, storage, and energy transition.

The industrial sector remains a cornerstone in the Turkish M&A landscape, offering compelling advantages to strategic investors, including the strategic location, qualified and competitive workforce, cost-effective production, and a robust industrial base.

The most significant deal of the year involved venture capital investors injecting a USD 500 million investment into Getir, accounting for 6 percent of the total annual deal volume.

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