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Corporate Venture
sabanci.com

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Investments

2

About Sabanci Holding

The firm is the parent company of the Sabanci Group, an industrial and financial conglomerate. The Sabanci Group is composed of 68 companies. Sabanci Holding's main business units include financial services, food and retailing, automotive, tire & tire reinforcement materials, cement, energy, trading and textiles.

Sabanci Holding Headquarter Location

Sabanci Center 4 Levant

Istanbul, 34330,

Turkey

90 212 385 80 80

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Latest Sabanci Holding News

Aviva's exit from Turkey completed; Belgian Ageas becomes one of the top players both in the life and non-life Turkish markets

May 6, 2021

Aviva's exit from Turkey completed; Belgian Ageas becomes one of the top players both in the life and non-life Turkish markets Aviva announced it has completed the sale of its 40% shareholding in the Turkish life insurance and pensions joint venture, Aviva SA Emeklilik ve Hayat AS to the Belgian Ageas Insurance International NV which, through this acquisition expand its presence on the Turkish market toward the life insurance segment. Aviva received GBP 122 million in cash consideration, which includes a GBP 3 million dividend from Aviva SA received in March 2021. The sale of Aviva's shareholding in Aviva SA was first announced on 24 February 2021, when the company also specified that its joint venture partner, Sabanci Holding, will retain its 40% shareholding. The transaction is expected to increase Aviva's IFRS Net Asset Value and Solvency II surplus by c. GBP 0.1bn. With total GWP in 2019 of EUR 148 million, Aviva SA Emeklilik ve Hayat ranks 25th in the overall ranking of the Turkish insurers and 5th on the life insurance segment, being one of the leading life insurance and private pension providers in Turkey. It offers pension, protection and savings products to over 2 million customers through bancassurance, tied agents and a direct sales force. Founded in 2007, the company is listed on Borsa Istanbul with a market capitalization of TRY 3.4 billion as of 22 February (EUR 401 million). The company's ownership was until now formed from the British Aviva plc (40%), Sabanci Holding (40%) and 20% free float share. Ageas is a listed international insurance Group with a heritage spanning almost 200 years, offering its retail and business customers both Life and Non-Life insurance products. Ageas concentrates its activities in Europe and Asia, operating insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 45,000 people and reported annual inflows of over EUR 36 billion in 2020 (all figures at 100%). The Belgian group is already present on the Turkish market and has a history of cooperation with the Sabanci Holding through their partnership established in 2011 in co-owning, with a 36% share each, of the third biggest non-life Turkish insurance company, Aksigorta. 213 views

Sabanci Holding Investments

2 Investments

Sabanci Holding has made 2 investments. Their latest investment was in Lumnion as part of their Series A on April 4, 2021.

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Sabanci Holding Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/5/2021

Series A

Lumnion

$0.56M

Yes

1

9/24/2020

Series B

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$99M

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10

Date

4/5/2021

9/24/2020

Round

Series A

Series B

Company

Lumnion

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Amount

$0.56M

$99M

New?

Yes

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Co-Investors

Sources

1

10

Sabanci Holding Acquisitions

1 Acquisition

Sabanci Holding acquired 1 company. Their latest acquisition was TEMSA on November 05, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/5/2020

Corporate Minority

Acquired

1

Date

11/5/2020

Investment Stage

Corporate Minority

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

Sabanci Holding Team

4 Team Members

Sabanci Holding has 4 team members, including current President, Haluk Dincer.

Name

Work History

Title

Status

Haluk Dincer

President

Current

Ata Koseoglu

President

Former

Engin Tuncay

President

Former

Mehmet Nane

Executive Vice President

Former

Name

Haluk Dincer

Ata Koseoglu

Engin Tuncay

Mehmet Nane

Work History

Title

President

President

President

Executive Vice President

Status

Current

Former

Former

Former

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