The Rohatyn Group Exits Turkey-based Luxury Retailers Beymen and Boyner (CEE and CIS)

Source: The Rohatyn Group

Emerging markets asset management firm The Rohatyn Group (TRG) has fully exited Turkey-based luxury retailers Beymen Mağazacılık and Boyner Büyük Mağazacılık to Boyner Perakende ve Tekstil Yatırımları, a company controlled by Turkey-based retail conglomerate the Boyner Group. Beymen and Boyner had been portfolio companies of Citi Venture Capital International, which TRG acquired from Citigroup in 2013. Financial details of the transactions, which were structured through TRG Growth Fund II, were not disclosed.