Global Capital Management Acquires a Majority Stake in SPX (CEE and CIS)

Source: Global Capital Management, Baker & McKenzie

Global Capital Management, the alternative asset management arm of Global Investment House, has acquired a 70 percent stake in Olgarlar Group, a Turkey-based retailer of sports clothing and equipment, which operates under the name SPX. The investment was structured through Global Capital Management’s GMFA Fund. SPX will use the new funds to increase its presence within Turkey and to enter new markets in Europe and the Middle East. Financial details of the transaction were not disclosed.