|
Chairman: Ahmet Çalik
Debut bond: completed February 26 for $200 million
Head subsidiaries for each sector: Gap Guneydogu Tekstil (textiles), Calik Enerji (energy), Gap Insaat (construction), CalikBank (finance), Gap Pazarlama (logistics)
Recent acquisitions: HSV Kayseri Gaz, Banka Kombetare Tregtare (BKT) |
It’s a hectic time for Turkish conglomerate Çalik Holding. The company, which was created in 1997 to coordinate several operating businesses across five sectors, is entering a period of rapid growth. It is also a lead partner in the Samsun-Ceyan pipeline project and has an impressive stream of acquisitions lined up.
To help fund its strategy, Çalik recently issued its debut bond, which will be a benchmark for Turkish corporates. The $200 million deal was launched in February with a maturity of five years. Both Çalik Holding and Merrill Lynch, the sole bank on the deal, describe the Eurobond as highly successful. High interest levels resulted...
