Investcorp’s Gulf Opportunity Fund, the private equity fund of Investcorp for the MENA region including Turkey, and Orka Group, one of Turkey’s leading and fastest growing menswear retailers, announced today that they have signed a definitive agreement whereby Investcorp’s Gulf Opportunity Fund will acquire a 30% stake in the Group.
Orka Group, through its brands Damat, Tween and D’S Damat, is a leading retailer of branded menswear in Turkey. Founded in 1986 by Süleyman and Halidun Orakçıoğlu with the introduction of its luxury brand Damat, the Group has become a respected international provider of luxury menswear.
Orka’s fashion products are sold in more than 250 stores and 40 different countries around the world, including franchises.
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