The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Disintermediation takes root in Turkey

The country’s rapidly growing SMEs urgently need funding avenues other than those provided by the country’s banks. Some new options are beginning to emerge to solve that conundrum.

Sevket Basev is 38-years old and chief executive and a founding partner of Istanbul-based 3 Seas Capital Partners, an independent corporate finance boutique that specializes in mergers and acquisitions.

Back in 2003 the then 28-year old and three other partners founded the firm to capitalize on what they saw as a golden opportunity to provide independent, specialist M&A advice to mid to large-cap companies in Turkey.

At that time the Turkish M&A market was noticeable only by the absence of deals, but Basev and his partners were convinced their business idea was a good one and that sooner or later deal-making activity would blossom.

After a few barren years when they made little – their first client was Basev’s father and first deal was the disposal of the family business, which made folding doors – their bet has since paid off.

Today, the Turkish M&A market is noticeable by the proliferation of deal-making activity and 3 Seas Capital is the leading adviser in the country by number of deals, a ranking the firm has sustained since 2008.

Indeed, last year alone Ernst & Young estimates that a record 315 M&A deals worth a combined $30 billion were completed in Turkey, making the country one of the few to buck the downward trend.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree