6^th Central & Eastern European Private Equity Forum, London
October 14, 2002

PRIVATE EQUITY AND TURKEY

	Bad government
		Coalitions with populist policies running budget deficits, resulting in high inflation and growing public debt
		State borrowing crowding out investments
		Two devaluations in 1994 and 2001

A ROBUST STRUCTURE IS VITAL

DEAL FLOW IS RICH

INVESTING IN TURKISH COMPANIES - CHALLENGES

CORPORATE GOVERNANCE AND PRIVATE EQUITY

WILL TURKEY BE SUCCESSFUL IN PRIVATE EQUITY?

		Industry Perspective
		There have been few successful exits in the brief Turkish Private Equity experience
		It is essential that the handful current fund managers build track records
		Success stories will pave the way

Slide 8