Esas Holding A.Ş.
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Anonim Şirket | |
ISIN | 🆔 |
Industry | Family Office |
Founded 📆 | 2000 |
Founder 👔 | Sevket Sabanci |
Headquarters 🏙️ | , |
Area served 🗺️ | Worldwide |
Key people | Sevket Sabanci (Chairman) Emine Sabancı Kamışlı (Vice Chairman) Ali Sabanci (Board Member) Çağatay Özdoğru (CEO) |
Members | |
Number of employees | |
🌐 Website | www.esas.com |
📇 Address | |
📞 telephone | |
Esas Holding, the family office of the Turkish billionaire and philanthropist Sevket Sabanci, was founded in 2000, and is led by his daughter Emine Sabancı Kamışlı and son Ali Sabanci. As of 2017, total assets under management is estimated to be anywhere between $4 billion to $7 billion, making it the biggest single family office in Turkey.
Esas Holding is based in Istanbul, Turkey with an additional office in London. Direct investments and real estate development are key operating areas of the family office. Most of its direct investments are in Turkey and is made with a private equity strategy; the firm seeks to hold majority and minority stake with controlling rights, and seeks to invest for a period of between four years and six years. Some major investments of this division include Turkey’s biggest low-cost carrier Pegasus Airlines, Turkey’s biggest Ro Ro company Un-Ro Ro, and Turkey’s biggest sports club chain Mars Athletic. In 2016 Esas sold Cinemaximum, Turkey’s biggest cinema chain, to the Korean cinema operator CGV for $800 million, and its snack business Peyman to London based PE Fund Bridgepoint Capital for $100 million.
Esas Properties, the real estate division of Esas Holding, builds and operates shopping malls across Turkey. Property arm of Esas is also the most international division of the group, Esas Properties owns several office buildings and shopping malls in cities such as London, New York, Frankfurt, and Aberdeen.
References[edit]
- https://www.esas.com.tr//
- https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=23221094//
- https://www.esas.com.tr/esas-properties.html//
- https://www.ft.com/content/c63368d2-fa75-11e5-b3f6-11d5706b613b//
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