Kamco Invest successfully exits Yargici in a strategic transaction with TIMSGROUP
- gceosocial
- Mar 23
- 2 min read
Updated: 4 days ago
Kamco Invest, a leading regional financial institution, has completed the sale of Yargici, a prominent Turkish fashion retailer, to TIMSGROUP, a diversified business group in Turkey. This transaction marks the final exit of the Global Buyout Fund (“Under Liquidation”), managed by Kamco Invest, emphasizing their dedication to creating long-term value for clients and supporting business growth.
Despite Turkey's challenging economic conditions, Kamco Invest secured an optimal outcome for the sale, respecting Yargici's legacy and brand values. Founded in 1978, Yargici has grown from a men's clothing store to a leading lifestyle brand, known for its unique blend of elegance and modern aesthetics. With expansions into women's collections, accessories, and home decor, Yargici is recognized for its sustainability and high-quality craftsmanship.
“This exit is a testament to our ability to enhance and transform businesses. Despite the COVID-19 challenges, Kamco Invest revitalized Yargici through strategic initiatives, operational restructuring, and value creation, positioning it for this transition. We are confident that under TIMSGROUP, Yargici will thrive and expand in Turkey and beyond.”
“Yargıcı is a distinguished brand with a rich heritage. We are excited to build upon its legacy, infusing fresh energy and innovation. With our expertise in various sectors, we see potential in enhancing Yargıcı’s brand storytelling and expanding its reach, aiming to elevate it into a globally recognized lifestyle brand.”
Al Othman concluded, “Under TIMSGROUP’s leadership, Yargıcı is well-positioned for growth, innovation, and market leadership.”
With this transaction, Kamco Invest demonstrates its ability to execute strategic deals for sustainable growth, focusing on long-term value for investors and portfolio companies. KPMG was the financial advisor and Acar Ergonen Avukatlık Ortaklığı the legal advisor for the buyers. On the sell side, StellarConsult acted as the financial advisor, with Esin: Baker McKenzie providing legal counsel.
