Investcorp buys 30% of Orka Group

Bahrain-based private equity firm Investcorp on Tuesday said it bought a 30 per cent stake of Turkish mens’ wear retailer Orka Group for an undisclosed amount, the group’s third investment in Turkey.

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Published: Wed 18 Jul 2012, 10:59 PM

Last updated: Tue 7 Apr 2015, 2:37 PM

Investcorp made the investment in Orka through its Gulf Opportunity Fund to support the retailer’s expansion plans in Turkey and abroad.

“Bringing in an international growth investor is a major step in the development of our group,” Orka Group chairman Süleyman Orakçýoðlu said.

Investcorp said the Turkish luxury menswear market is worth approximately $7.4 billion and should continue to increase thanks to a growing population and a rise in consumer spending.

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