"Gulf Capital, one of the leading and most active alternative investment firms in the Middle East based in Abu Dhabi, has successfully completed an investment in Turknet Iletisim Hizmetleri A.S. (“TurkNet”) through “Gulf Credit Partners”, its regional credit and mezzanine fund.
TurkNet is a prominent provider of broadband Internet services, long distance telephony services, and corporate telecom, wholesale and hosting services in Turkey. Gulf Credit Partners, provides financing facilities to growing companies in the Middle East, North Africa and Turkey through its flagship credit and mezzanine fund.
Dr. Karim El Solh, Chief Executive Officer of Gulf Capital, said: “The growth capital financing facility from Gulf Credit Partners will assist Turknet in its growth trajectory at an exciting time for the Turkish telecommunications sector. Turknet’s market leadership in this growing sector, its sound strategy and strong management are the precise ingredients that our credit and mezzanine fund is looking for in a business partner.”"
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