Borrower profile: Çalik builds funding for rapid growth

Çalik Holding is one of the Turkey’s largest conglomerates, with total assets of $2.4 billion. It has interests in textiles, construction, energy, telecommunications, financial services and trade. Chloe Hayward talks to Çalik’s management about the company’s debut bond issue and the impressive growth path that lies ahead.

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.

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