Saturday, October 31, 2015

Turkey's private equity spree suffers gloomy politics, lira's decline | Reuters

Turkey's private equity spree suffers gloomy politics, lira's decline

* Big ticket private equity deals have dried up

* Political uncertainty, lira's slump deter investors

* Sunday's vote won't be a panacea for political worries

By Asli Kandemir

ISTANBUL, Oct 30 (Reuters) - Private equity firms that flooded into Turkey in recent years are now struggling in the face of political uncertainty and the lira's decline, which have made it harder to lure new investors and exit deals profitably.

More:Turkey's private equity spree suffers gloomy politics, lira's decline | Reuters